View Filing Data

Print Document View Excel Document

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Feb. 01, 2020	Mar. 27, 2020	Aug. 03, 2019
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Feb. 01, 2020
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	TILLY'S, INC.
Entity Central Index Key	0001524025
Current Fiscal Year End Date	--02-01
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Public Float			$ 170,712,605
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		22,362,633
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		7,366,108

Consolidated Balance Sheets - USD ($) $ in Thousands	Feb. 01, 2020	Feb. 02, 2019
Current assets:
Cash and cash equivalents	$ 70,137	$ 68,160
Marketable securities	69,780	75,919
Receivables	7,485	6,082
Merchandise inventories	56,901	55,809
Prepaid expenses and other current assets	4,561	11,171
Total current assets	208,864	217,141
Operating lease assets	263,649	0
Property and equipment, net	66,176	73,842
Other assets	7,951	2,185
Total assets	546,640	293,168
Current liabilities:
Accounts payable	20,562	24,207
Accrued expenses	20,755	18,756
Deferred revenue	11,761	10,373
Accrued compensation and benefits	7,190	8,930
Dividends payable	29,677	29,453
Current portion of operating lease liabilities	55,321	0
Current portion of deferred rent	0	5,540
Total current liabilities	145,266	97,259
Noncurrent portion of operating lease liabilities	240,755	0
Noncurrent portion of deferred rent	0	30,825
Other	718	1,757
Total long-term liabilities	241,473	32,582
Total liabilities	386,739	129,841
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000 shares authorized, no shares issued or outstanding	0	0
Additional paid-in capital	153,377	149,737
Retained earnings	6,280	13,335
Accumulated other comprehensive income	214	226
Total stockholders’ equity	159,901	163,327
Total liabilities and stockholders’ equity	546,640	293,168
Class A Common Stock
Stockholders’ equity:
Common stock	22	21
Class B Common Stock
Stockholders’ equity:
Common stock	$ 8	$ 8

Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 01, 2020	Feb. 02, 2019
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	22,323,000	21,642,000
Common stock, shares outstanding (in shares)	22,323,000	21,642,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	35,000,000	35,000,000
Common stock, shares issued (in shares)	7,406,000	7,844,000
Common stock, shares outstanding (in shares)	7,406,000	7,844,000

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Net sales	$ 619,300	$ 598,478	$ 576,899
Cost of goods sold (includes buying, distribution, and occupancy costs)	432,592	417,582	401,529
Gross profit	186,708	180,896	175,370
Selling, general and administrative expenses	158,253	149,416	151,384
Operating income	28,455	31,480	23,986
Other income, net	2,901	2,313	1,223
Income before income taxes	31,356	33,793	25,209
Income tax expense	8,734	8,850	10,509
Net income	$ 22,622	$ 24,943	$ 14,700
Weighted average basic shares outstanding (in shares)	29,533	29,278	28,804
Weighted average diluted shares outstanding (in shares)	29,788	29,768	29,074
Class A and Class B common stock
Basic earnings per share (in dollars per share)	$ 0.77	$ 0.85	$ 0.51
Diluted earnings per share (in dollars per share)	$ 0.76	$ 0.84	$ 0.51

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 22,622	$ 24,943	$ 14,700
Other comprehensive income, net of tax:
Net change in unrealized (losses) gains on available-for-sale securities	(12)	212	(52)
Other comprehensive (loss) income, net of tax	(12)	212	(52)
Comprehensive income	$ 22,610	$ 25,155	$ 14,648

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Class A Common Stock	Class A Common Stock Common Stock	Class B Common Stock	Class B Common Stock Common Stock
Beginning Balance (in shares) at Jan. 28, 2017						13,434,000		15,329,000
Beginning Balance at Jan. 28, 2017	$ 189,220	$ 29	$ 138,102	$ 51,023	$ 66
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	14,700			14,700
Dividends declared	(29,067)			(29,067)
Dividends paid	(20,080)			(20,080)
Shares converted by founders (in shares)						1,141,000		(1,141,000)
Stock-based compensation expense	2,411		2,411
Restricted stock (in shares)						44,000
Exercise of stock options (in shares)						308,000
Exercise of stock options	3,394	0	3,394
Taxes paid in lieu of shares issued for share-based compensation	(101)		(101)
Net change in unrealized gain on available-for-sale securities	(52)				(52)
Ending Balance (in shares) at Feb. 03, 2018						14,927,000		14,188,000
Ending Balance at Feb. 03, 2018	160,425	29	143,984	16,398	14
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	24,943			24,943
Dividends declared	(29,453)			(29,453)
Shares converted by founders (in shares)							6,344,000		(6,344,000)
Stock-based compensation expense	2,212		2,212
Restricted stock (in shares)							52,000
Exercise of stock options (in shares)							329,000
Exercise of stock options	3,652		3,652
Taxes paid in lieu of shares issued for share-based compensation (in shares)							(10,000)
Taxes paid in lieu of shares issued for share-based compensation	(111)		(111)
Net change in unrealized gain on available-for-sale securities	212				212
Ending Balance (in shares) at Feb. 02, 2019						21,642,000	21,642,000	7,844,000	7,844,000
Ending Balance at Feb. 02, 2019	163,327	29	149,737	13,335	226
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	22,622			22,622
Dividends declared	(29,677)			(29,677)
Shares converted by founders (in shares)							438,000		(438,000)
Stock-based compensation expense	$ 2,136		2,136
Restricted stock (in shares)							70,000
Exercise of stock options (in shares)	181,001						181,000
Exercise of stock options	$ 1,590	1	1,589
Taxes paid in lieu of shares issued for share-based compensation (in shares)							(8,000)
Taxes paid in lieu of shares issued for share-based compensation	(85)		(85)
Net change in unrealized gain on available-for-sale securities	(12)				(12)
Ending Balance (in shares) at Feb. 01, 2020						22,323,000		7,406,000
Ending Balance at Feb. 01, 2020	$ 159,901	$ 30	$ 153,377	$ 6,280	$ 214

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Feb. 01, 2020 USD ($)	Feb. 02, 2019 USD ($)	Feb. 03, 2018 USD ($)
Cash flows from operating activities
Net income	$ 22,622,000	$ 24,943,000	$ 14,700,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	20,948,000	22,485,000	23,389,000
Share-based compensation expense	2,136,000	2,212,000	2,411,000
Impairment of assets	282,000	786,000	848,000
Loss on disposal of assets	908,000	30,000	192,000
Gain on sales and maturities of marketable securities	(1,660,000)	(1,552,000)	(782,000)
Deferred income taxes	(5,720,000)	953,000	2,933,000
Changes in operating assets and liabilities:
Receivables	3,204,000	(1,730,000)	(363,000)
Merchandise inventories	(1,092,000)	(2,783,000)	(5,448,000)
Prepaid expenses and other assets	557,000	(1,641,000)	(562,000)
Accounts payable	(4,227,000)	3,195,000	3,559,000
Accrued expenses	1,369,000	(4,438,000)	(2,732,000)
Accrued compensation and benefits	(1,740,000)	2,811,000	(1,140,000)
Operating lease liabilities	(2,541,000)	0	0
Deferred rent	0	(195,000)	(4,973,000)
Deferred revenue	1,388,000	1,667,000	676,000
Net cash provided by operating activities	36,434,000	46,743,000	32,708,000
Cash flows from investing activities
Purchase of property and equipment	(14,299,000)	(14,923,000)	(13,753,000)
Proceeds from sale of property and equipment	0	3,000	0
Purchases of marketable securities	(126,526,000)	(136,198,000)	(152,389,000)
Proceeds from sales and maturities of marketable securities	134,316,000	144,859,000	125,264,000
Net cash used in investing activities	(6,509,000)	(6,259,000)	(40,878,000)
Cash flows from financing activities
Dividends paid	(29,453,000)	(29,067,000)	(20,080,000)
Proceeds from exercise of stock options	1,590,000	3,652,000	3,394,000
Payment of capital lease obligation	0	0	(835,000)
Taxes paid in lieu of shares issued for share-based compensation	(85,000)	(111,000)	(101,000)
Net cash used in financing activities	(27,948,000)	(25,526,000)	(17,622,000)
Change in cash and cash equivalents	1,977,000	14,958,000	(25,792,000)
Cash and cash equivalents, beginning of period	68,160,000	53,202,000	78,994,000
Cash and cash equivalents, end of period	70,137,000	68,160,000	53,202,000
Supplemental disclosures of cash flow information
Interest paid	13,000	11,000	26,000
Income taxes paid	12,130,000	6,770,000	11,534,000
Supplemental disclosure of non-cash activities
Unpaid purchases of property and equipment	2,605,000	726,000	4,778,000
Leased assets obtained in exchange for operating lease liabilities	349,425,000	0	0
Dividends declared	$ 29,677,000	$ 29,453,000	$ 29,067,000

Description of the Company and Basis of Presentation	12 Months Ended
Description of the Company and Basis of Presentation	Feb. 01, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Company and Basis of Presentation	Description of the Company and Basis of Presentation Tillys is a leading destination specialty retailer of casual apparel, footwear and accessories for young men, young women, boys and girls with an extensive selection of iconic global, emerging, and proprietary brands rooted in an active and social lifestyle. Tillys is headquartered in Irvine, California and we operated 240 stores in 33 states as of February 1, 2020. Our stores are located in malls, lifestyle centers, ‘power’ centers, community centers, outlet centers and street-front locations. Customers may also shop online, where we feature the same assortment of products as carried in our brick-and-mortar stores, supplemented by additional online-only styles. Our goal is to serve as a destination for the latest, most relevant merchandise and brands important to our customers. The Tillys concept began in 1982 when our co-founders, Hezy Shaked and Tilly Levine, opened their first store in Orange County, California. Since 1984 the business has been conducted through World of Jeans & Tops, a California corporation, or “WOJT”, which operates under the name “Tillys”. In May 2011, Tilly’s, Inc., a Delaware corporation, was formed solely for the purpose of reorganizing the corporate structure of WOJT in preparation for an initial public offering. As part of the initial public offering in May 2012, WOJT became a wholly owned subsidiary of Tilly's, Inc. As used in these Notes to the Consolidated Financial Statements, except where the context otherwise requires or where otherwise indicated, the terms "the Company", "World of Jeans and Tops", "WOJT", "we", "our", "us" and "Tillys" refer to WOJT before our initial public offering, and to Tilly's, Inc. and its subsidiary after our initial public offering. Fiscal Year Our fiscal year ends on the Saturday closest to January 31. Fiscal years 2019, 2018 and 2017 ended on February 1, 2020, February 2, 2019 and February 3, 2018, respectively. Fiscal years 2019 and 2018 each included 52 weeks and fiscal year 2017 included 53 weeks. Segment Reporting Accounting principles generally accepted in the United States (“GAAP”) has established guidance for reporting information about our operating segments, including disclosures related to our products and services, geographic areas and major customers. We identify our operating segments based on how our business is managed and evaluated. Our operating segments have been aggregated into one reportable segment based on the similar nature of products sold, production, merchandising and distribution processes involved, target customers and economic characteristics. All of our identifiable assets are in the United States.

Summary of Significant Accounting Policies

12 Months Ended

Feb. 01, 2020

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Cash and Cash Equivalents

We consider all short-term investments with an initial maturity of 90 days or less when purchased to be cash equivalents.

Marketable Securities

Marketable debt securities are classified as available-for-sale and held-to-maturity and are carried at fair value and amortized cost plus accrued income, respectively. Unrealized holding gains and losses, net of income taxes, on available-for-sale debt securities are reflected as a separate component of stockholders’ equity until realized. For the purposes of computing realized and unrealized gains and losses, cost is determined on a specific identification basis. We classify all marketable securities within current assets on our accompanying Consolidated Balance Sheets, including those with maturity dates beyond twelve months, as they are available to support our current operational liquidity needs.

Merchandise Inventories

Merchandise inventories are comprised of finished goods offered for sale at our retail stores and online. Inventories are stated at the lower of cost or net realizable value using the retail inventory method. An initial markup is applied to inventory at cost in order to establish a cost-to-retail ratio. We believe that the retail inventory method approximates cost. Shipping and handling costs for merchandise shipped to customers of $12.1 million, $10.8 million and $7.9 million in fiscal years 2019, 2018 and 2017, respectively, are included in cost of goods sold in the accompanying Consolidated Statements of Income.

We review our inventory levels to identify slow-moving merchandise and generally use markdowns to clear this merchandise. At any given time, merchandise inventories include items that have been marked down to management’s best estimate of their fair market value at retail price, with a proportionate write-down to the cost of the inventory. Our management bases the decision to mark down merchandise primarily upon its current sell-through rate and the age of the item, among other factors. These markdowns may have an adverse impact on earnings, depending on the extent and amount of inventory affected. Markdowns are recorded as an increase to cost of goods sold in the accompanying Consolidated Statements of Income. Total markdowns, including permanent and promotional markdowns, on a cost basis were $53.3 million, $49.5 million and $50.0 million in fiscal years 2019, 2018 and 2017, respectively. In addition, we accrued $1.1 million and $0.6 million for planned but unexecuted markdowns, including markdowns related to slow moving merchandise, as of February 1, 2020 and February 2, 2019, respectively.

Property and Equipment, net

Property and equipment are stated at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Equipment is depreciated over five to seven years. Furniture and fixtures are depreciated over five years. Computer software is depreciated over three years. Leasehold improvements and the cost of acquiring leasehold rights are amortized over the lesser of the term of the lease or the estimated useful life of the improvement. The cost of assets sold or retired and the related accumulated depreciation is removed from the accounts with any resulting gain or loss included in net income.

Repairs and maintenance costs are charged directly to expense as incurred. Major renewals, replacements and improvements that substantially extend the useful life of an asset are capitalized and depreciated.

Impairment of Long-Lived Assets

Impairments are recorded on long-lived assets used in operations whenever events or changes in circumstances indicate that the net carrying amounts may not be recoverable. Important factors that could result in an impairment review include, but are not limited to, significant under-performance relative to historical or planned operating results, significant changes in the manner of use of the assets or significant changes in business strategies. An evaluation is performed using estimated undiscounted future cash flows from operating activities compared to the carrying value of related assets for the individual stores. If the undiscounted future cash flows are less than the carrying value, an impairment loss is recognized for the difference between the carrying value and the estimated fair value of the assets based on the discounted cash flows of the assets using a rate that approximates the weighted average cost of capital. With regard to retail store assets, which are comprised of leasehold improvements, fixtures and computer hardware and software, we consider the assets at each individual retail store to represent an asset group. In addition, we have considered the relevant valuation techniques that could be applied without undue cost and effort and have determined that the discounted estimated future cash flow approach provides the most relevant and reliable means by which to determine fair value in this circumstance. Refer to "Note 11: Fair Value Measurements", for further information.

Operating Leases

We conduct all of our retail sales and corporate operations in leased facilities. Lease terms for our stores are generally ten years in duration (subject to extensions) and provide for escalations in base rents periodically. Many of our store leases contain one or more options to renew the lease at our sole discretion. Generally, we do not consider any additional renewal periods to be reasonably certain of being exercised.

Most store leases include tenant allowances from landlords, rent escalation clauses and/or contingent rent provisions. Certain leases provide for additional rent based on a percentage of sales and annual rent increases generally based upon the Consumer Price Index. In addition, many of the store leases contain certain co-tenancy provisions that permit us to pay rent based on a pre-determined percentage of sales when the occupancy of the retail center falls below minimums established in the lease. For non-cancelable operating lease agreements, operating lease assets and operating lease liabilities are established for leases with an expected term greater than one year and we recognize lease expense on a straight-line basis over the lease term, excluding contingent rent, and record the difference between the amount charged to expense and the rent paid as a deferred rent liability. Contingent rent, determined based on a percentage of sales in excess of specified levels, is recognized as rent expense when the achievement of the specified sales that triggers the contingent rent is probable. The tenant allowances are amortized as a reduction to rent expense on a straight-line basis over the term of the lease starting at the date of possession.

Refer to "Accounting Standard Adopted" in this Note 2 to the Consolidated Financial Statements for further information.

Revenue Recognition

Revenue is recognized for store sales when the customer receives and pays for the merchandise at the register, net of estimated returns and taxes collected from our customers. For e-commerce sales, we recognize revenue, net of sales taxes and estimated sales returns, and the related cost of goods sold at the time the merchandise is shipped to the customer. Prior to the adoption of the new revenue recognition standard in fiscal 2018, we deferred e-commerce revenue for goods that were in-transit to the customer, typically within four days of shipment. Refer to "Accounting Standard Adopted in Fiscal 2018" in this Note 2 to the Consolidated Financial Statements for further information. Amounts related to shipping and handling that are billed to customers are reflected in net sales, and the related costs are reflected in cost of goods sold in the Consolidated Statements of Income. For fiscal years 2019, 2018 and 2017, shipping and handling fee revenue included in net sales was $2.9 million, $2.7 million, and $3.3 million, respectively.

We accrue for estimated sales returns by customers based on historical sales return results. As of February 1, 2020 and February 2, 2019, our reserve for sales returns was $1.4 million and $1.4 million, respectively.

We recognize revenue from gift cards as they are redeemed for merchandise. Prior to redemption, we maintain a current liability for unredeemed gift card balances. The customer liability balance was $9.3 million as of February 1, 2020 and $8.7 million as of February 2, 2019, and is included in deferred revenue on the accompanying Consolidated Balance Sheets. Our gift cards do not have expiration dates and in most cases there is no legal obligation to remit unredeemed gift cards to relevant jurisdictions. Based on actual historical redemption patterns, we determined that a small percentage of gift cards are unlikely to be redeemed (which we refer to as gift card “breakage”). Based on our historical gift card breakage rate, we recognize breakage revenue over the redemption period in proportion to actual gift card redemptions. Prior to adoption of the new revenue standard in fiscal 2018, breakage was recognized two full fiscal years after the gift cards were activated when the probability of redemption was considered remote. Revenue recognized from gift cards was $18.9 million in fiscal 2019, $17.9 million in fiscal 2018 and $18.5 million in fiscal 2017.

The following table summarizes net sales from our retail stores and e-commerce (in thousands):



	Fiscal Year Ended
	February 1, 2020		February 2, 2019		February 3, 2018
Retail stores	$	520,843	$	508,853	$	501,053
E-commerce	98,457		89,625		75,846
Total net sales	$	619,300	$	598,478	$	576,899

The following table summarizes the percent of net sales by department:



	Fiscal Year Ended
	February 1, 2020		February 2, 2019		February 3, 2018
Mens	36	%	35	%	35	%
Womens	24	%	25	%	25	%
Accessories	18	%	18	%	19	%
Footwear	12	%	12	%	11	%
Boys	6	%	6	%	6	%
Girls	4	%	4	%	4	%
Total net sales	100	%	100	%	100	%

The following table summarizes the percent of net sales by third-party and proprietary branded merchandise:



	Fiscal Year Ended
	February 1, 2020		February 2, 2019		February 3, 2018
Third-party	75	%	75	%	74	%
Proprietary	25	%	25	%	26	%
Total net sales	100	%	100	%	100	%

Loyalty Program

We have a customer loyalty program where customers accumulate points based on purchase activity. Once a loyalty member achieves a certain point level, the member earns awards that may be redeemed for merchandise. Unredeemed awards and accumulated partial points are accrued as deferred revenue and awards redeemed by the member for merchandise are recorded as an increase to net sales. During the second quarter of fiscal 2019, we launched an enhanced loyalty program that includes the ability for customers to redeem their awards instantly rather than build up to an award over time. In connection with the launch of this enhanced program, we also extended the expiration period for unredeemed awards from 45 days to 365 days and, as a result, we currently expire unredeemed awards and accumulated partial points 365 days after the last purchase activity. A liability is estimated based on the standalone selling price of awards and partial points earned and estimated redemptions. The deferred revenue for this program was $2.4 million as of February 1, 2020 and $1.7 million as of February 2, 2019. Revenue recognized from our loyalty program was $6.1 million in fiscal 2019, $1.7 million in fiscal 2018 and $1.3 million in fiscal 2017.

Cost of Goods Sold

Cost of goods sold includes product costs and buying, distribution and occupancy costs as follows:


•	Costs of products sold include:


•	freight expenses associated with merchandise received from our vendors into our distribution centers;


•	vendor allowances;


•	cash discounts on payments to merchandise vendors;


•	physical inventory losses; and


•	markdowns of inventory.


•	Buying, distribution and occupancy costs include:


•	payroll, benefit costs, and incentive compensation for merchandising personnel;


•	customer shipping and handling expenses;


•	costs associated with operating our distribution and fulfillment center, including payroll and benefit costs for our distribution center, occupancy costs, and depreciation;


•	freight expenses associated with shipping merchandise inventories from our distribution center to our stores and e-commerce customers; and


•	store occupancy costs, including rent, maintenance, utilities, property taxes, business licenses, security costs and depreciation.

Selling, General and Administrative Expenses


•	Payroll, benefit costs and incentive compensation for store, regional, e-commerce and corporate employees;


•	Occupancy and maintenance costs of corporate office facilities;


•	Depreciation related to corporate office assets;


•	Advertising and marketing costs, net of reimbursement from vendors;


•	Tender costs, including costs associated with credit and debit card interchange fees;


•	Long-lived asset impairment charges;


•	Legal provisions;


•	Other administrative costs such as supplies, consulting, audit and tax preparation fees, travel and lodging; and


•	Charitable contributions.

Store Pre-opening Costs

Store pre-opening costs consist primarily of occupancy costs, which are included in cost of goods sold, and payroll expenses, which are included in selling, general and administrative expenses, in the accompanying Consolidated Statements of Income.

Advertising

We expense advertising costs as incurred, except for direct-mail advertising expenses which are recognized at the time of mailing. Advertising costs include such things as production and distribution of print and digital catalogs; print, online and mobile advertising costs; radio advertisements; and grand openings and other events. Advertising expense, which is classified in selling, general and administrative expenses in the accompanying Consolidated Statements of Income, was $15.9 million, $13.2 million and $12.1 million in fiscal years 2019, 2018 and 2017, respectively.

Share-Based Compensation

We apply the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718, Compensation-Stock Compensation (“ASC 718”), for accounting for equity instruments exchanged for employee services. Under the provisions of this standard, share-based compensation expense is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense on a straight-line basis over the employee’s requisite service period (generally the vesting period of the equity grant). Changes in these inputs and assumptions can materially affect the measurement of the estimated fair value of award and related share-based compensation expense. Refer to “Note 12: Share-Based Compensation”, for further information.

Income Taxes

We account for income taxes and the related accounts using the asset and liability method in accordance with FASB ASC Topic 740, Income Taxes (“ASC 740”). Under this method, we accrue income taxes payable or refundable and recognize deferred tax assets and liabilities based on differences between GAAP and tax bases of assets and liabilities. We measure deferred tax assets and liabilities using enacted tax rates in effect for the years in which the differences are expected to reverse, and recognize the effect of a change in enacted rates in the period of enactment.

We establish assets and liabilities for uncertain positions taken or expected to be taken in income tax returns, using a more-likely-than-not recognition threshold. We include in income tax expense any interest and penalties related to uncertain tax positions.

Earnings per Share

Basic earnings per share is computed using the weighted average number of shares outstanding. Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributed to restricted stock and outstanding options to purchase common stock. Incremental shares of 255 thousand, 490 thousand and 270 thousand in fiscal years 2019, 2018 and 2017, respectively, were used in the calculation of diluted earnings per share. Refer to “Note 15: Earnings Per Share”, for further information.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to credit risk consist principally of cash and cash equivalents. At February 1, 2020 and February 2, 2019, and at various times throughout these years, we had cash in financial institutions in excess of the $250,000 amount insured by the Federal Deposit Insurance Corporation. We typically invest our cash in highly rated, short-term commercial paper, interest-bearing money market funds, municipal bonds and certificates of deposit.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, management reviews its estimates based on currently available information. Changes in facts and circumstances may result in revised estimates.

New Accounting Standards Not Yet Adopted

In June 2016, the FASB issued ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments (ASU 2016-13), which modifies or replaces existing models for impairment of trade and other receivables, debt securities, loans, beneficial interests held as assets, purchased-credit impaired financial assets and other instruments. The new standard requires entities to measure expected losses over the life of the asset and recognize an allowance for estimated credit losses upon recognition of the financial instrument. ASU 2016-13 will become effective for us in the first quarter of fiscal 2023, and must be adopted using the modified retrospective method. We expect the new rules to apply to our fixed income securities recorded and carried at amortized cost and classified as held-to-maturity and our trade receivables. We do not expect the adoption of this new standard to have a material impact on our consolidated financial statements and related disclosures.

In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The new rules reduce complexity by removing specific exceptions to general income tax accounting methodology including an exception for interim periods showing operating losses in excess of anticipated operating losses for the year. The new rules will be effective for us in the first quarter of 2021. We are currently evaluating the impact this guidance may have on our consolidated financial statements and related disclosures.

In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments are effective for all entities as of March 12, 2020 through December 31, 2022. We are currently evaluating the impact this guidance may have on our consolidated financial statements and related disclosures.

Accounting Standard Adopted in Fiscal 2019

On February 3, 2019, we adopted Accounting Standards Update ("ASU") No. 2016-02, Leases (ASC 842), using the additional modified retrospective transition method. By electing this additional transition method, we were not required to recast our comparative financial statements or provide disclosures required by the new standard for comparative periods. The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification determines whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months, regardless of lease classification.

We elected the 'package of practical expedients', which allowed us not to reassess our previous conclusions about lease identification, lease classification and initial direct costs. In addition, we elected the practical expedient to not separate lease and non-lease components for all of our leases. We did not elect the use of the hindsight practical expedient. Refer to “Note 9: Leases”, for further information.

Accounting Standard Adopted in Fiscal 2018

On February 4, 2018, we adopted FASB ASU No. 2014-09, Revenue from Contracts with Customers ("ASC 606"), using the modified retrospective transition method, which under ASC 606, means the standard applies retrospectively with the cumulative effect recognized in the opening retained earnings balance in fiscal 2018. Comparative information for fiscal 2017 has not been adjusted and continues to be reported under the previous standard ASC 605. Under ASC 606, revenue is recognized when control of promised goods or services is transferred to our customers at an amount we expect to be entitled to in exchange for those goods or services. The adoption of this standard requires us to recognize gift card breakage income in proportion to redemptions as they occur. The new guidance also requires enhanced disclosures, such as disaggregation of revenues and revenue recognition policies that require significant judgment and identification of performance obligations to customers.

The adoption of ASC 606 resulted in a net cumulative effect adjustment that increased the opening balance of retained earnings by $1.4 million, as well as the following impacts:


•	Breakage revenue is now recognized over time in proportion to actual customer redemptions. Breakage revenue was previously recognized two full fiscal years after the gift cards were activated when the probability of redemption was considered remote.


•	Revenue for merchandise shipped to the customer from a distribution center or store is now recognized at the shipping point, whereas it was previously recognized upon customer receipt.

Marketable Securities

12 Months Ended

Feb. 01, 2020

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Marketable securities as of February 1, 2020 consisted of commercial paper classified as available-for-sale and fixed income securities, that we have the intent and ability to hold to maturity and therefore, are classified as held-to-maturity. Our investments in commercial paper and fixed income securities are recorded at fair value and amortized cost, which approximates fair value, respectively. All of our marketable securities are less than one year from maturity.

The following table summarizes investments in marketable securities at February 1, 2020 and February 2, 2019 (in thousands):



	February 1, 2020
	Cost or Amortized Cost	Gross Unrealized Holding Gains	Estimated Fair Value
Commercial paper	$54,463	$293	$54,756
Fixed income securities	15,024	—	15,024
Total marketable securities	$69,487	$293	$69,780

	February 2, 2019
	Cost or Amortized Cost	Gross Unrealized Holding Gains	Estimated Fair Value
Commercial paper	$49,402	$302	$49,704
Fixed income securities	26,215	—	26,215
Total marketable securities	$75,617	$302	$75,919

For fiscal years 2019, 2018 and 2017, we recognized gains on investments for commercial paper of $1.2 million, $1.0 million and $0.8 million, respectively, which matured during the period. Upon recognition of the gains, we reclassified these amounts out of accumulated other comprehensive income and into other income, net, on the accompanying Consolidated Statements of Income.

Receivables

12 Months Ended

Feb. 01, 2020

Receivables [Abstract]

Receivables

At February 1, 2020 and February 2, 2019, receivables consisted of the following (in thousands):



	February 1, 2020		February 2, 2019
Tenant allowances due from landlords	$	3,968	$	2,729
Credit and debit card receivables	2,834		2,679
Vendor receivables	409		467
Other	274		210
Less: Allowance for doubtful accounts	—		(3		)
Total receivables	$	7,485	$	6,082

We establish a receivable for amounts we expect to collect. We make estimates for the allowance for doubtful accounts against receivables for any potential uncollectible amounts. The year-end receivables are primarily collected within the following fiscal quarter.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Prepaid Expenses and Other Current Assets

12 Months Ended

Feb. 01, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets

At February 1, 2020 and February 2, 2019, prepaid expenses and other current assets consisted of the following (in thousands):



	February 1, 2020		February 2, 2019
Prepaid rent	$	1,475	$	7,680
Prepaid maintenance	1,421		1,759
Prepaid insurance	1,035		816
Other	630		916
Total prepaid expenses and other current assets	$	4,561	$	11,171

Property and Equipment

12 Months Ended

Feb. 01, 2020

Property, Plant and Equipment [Abstract]

Property and Equipment

At February 1, 2020 and February 2, 2019, property and equipment consisted of the following (in thousands):



	February 1, 2020			February 2, 2019
Leasehold improvements	$	147,685		$	138,996
Furniture and fixtures	46,209			45,061
Computer hardware and software	40,936			39,110
Machinery and equipment	33,244			32,377
Vehicles	2,104			2,080
Construction in progress	2,326			2,469
Property and equipment, gross	272,504			260,093
Accumulated depreciation	(206,328		)	(186,251		)
Property and equipment, net	$	66,176		$	73,842

Depreciation expense related to property and equipment was $20.9 million, $22.5 million and $23.4 million in fiscal years 2019, 2018 and 2017, respectively.

Cash paid for capital expenditures during fiscal 2019, 2018 and 2017, were approximately $14.3 million, $14.9 million and $13.8 million, respectively.

Impairments are recorded on long-lived assets used in operations whenever events or changes in circumstances indicate that the net carrying amounts may not be recoverable. We recorded non-cash impairment charges of $0.3 million, $0.8 million and $0.8 million in selling, general and administrative expenses in fiscal years 2019, 2018 and 2017, respectively, to write down the carrying value of long-lived assets to their estimated fair values. Refer to "Note 11: Fair Value Measurements", for further information.

If we are not able to achieve our projected key financial metrics, we may incur additional impairment in the future for long-lived assets.

Accrued Expenses

12 Months Ended

Feb. 01, 2020

Payables and Accruals [Abstract]

Accrued Expenses

At February 1, 2020 and February 2, 2019, accrued expenses consisted of the following (in thousands):



	February 1, 2020		February 2, 2019
Income taxes payable	$	3,997	$	1,679
Accrued construction	3,167		2,539
Accrued freight	2,264		2,703
Sales and use taxes payable	1,832		1,702
Merchandise returns	1,421		1,399
Computer services	277		868
Other	7,797		7,866
Total accrued expenses	$	20,755	$	18,756

Line of Credit	12 Months Ended
Line of Credit	Feb. 01, 2020
Debt Disclosure [Abstract]
Line of Credit	Line of Credit Our amended and restated credit agreement with Wells Fargo Bank, N.A. ("Bank") provides for a $25.0 million revolving line of credit with a maturity date of January 31, 2023. The interest rate charged on borrowings is at a rate equal to the sum of an index rate of interest plus a margin rate of interest. In the event any index rate of interest would be less than zero percent (0.0%), the index rate of interest shall be deemed to be zero percent (0.0%) and the applicable promissory note or other instrument or document shall bear interest at a rate equal to the margin rate of interest. The agreement allows for the declaration and payment of dividends or distributions to stockholders. The line of credit is secured by substantially all of our assets. As a sub-feature under the revolving line of credit, the Bank may also issue stand-by and/or commercial letters of credit up to $15.0 million. We are required to maintain certain financial and non-financial covenants in accordance with the line of credit. The financial covenants require certain levels of leverage and profitability, such as (i) income before income taxes must not be less than $1.0 million (calculated at the end of each fiscal quarter on a trailing 12-month basis), (ii) Fixed Charge Coverage Ratio not less than 1.25 to 1.0 as of each quarter end, determined on a trailing 12-month basis, with "Fixed Charge Coverage Ratio" defined as (a) the EBITDAR minus cash taxes, dividends, distributions, redemptions and repurchases of equity interest, divided by (b) the aggregate of the current maturity of long-term debt, capitalized lease payments, interest expense and rent expense, and (ii) requires minimum inventory, cash, cash equivalents and marketable securities totaling $50 million as of the end of each quarter. In August 2019, we entered into an amendment to increase our stand-by letter of credit from $1.1 million to $1.3 million. The letter of credit was established for security against insurance claims as required by our workers' compensation insurance policy. There has been no activity under this letter of credit since its inception. As of February 1, 2020, we were in violation on one of our covenants and had no outstanding borrowings under the line of credit. Our Fixed Charge Coverage Ratio was 1.19 to 1.0, which falls below the 1.25 to 1.0 required minimum levels for borrowing under the line of credit. We do not except to meet this covenant at the end of our first quarter of fiscal 2020. The bank has provided a waiver of the breech of the violation. On March 24, 2020, we borrowed approximately $23.7 million under our revolving credit facility, which represented the maximum borrowings permitted thereunder, at an interest rate of approximately 1.7% per annum. Refer to Note 19: “Subsequent Events” for further information.

Leases

12 Months Ended

Feb. 01, 2020

Leases [Abstract]

Leases

We conduct all of our retail sales and corporate operations in leased facilities. Lease terms generally range up to ten years in duration (subject to extensions) and provide for escalations in base rents periodically. Many of our store leases contain one or more options to renew the lease at our sole discretion. Generally, we do not consider any additional renewal periods to be reasonably certain of being exercised.

Most store leases include tenant allowances from landlords, rent escalation clauses and/or contingent rent provisions. Certain leases provide for additional rent based on a percentage of sales and annual rent increases generally based upon the Consumer Price Index. In addition, many of the store leases contain certain co-tenancy provisions that permit us to pay rent based on a pre-determined percentage of sales when the occupancy of the retail center falls below minimums established in the lease. For non-cancelable operating lease agreements, operating lease assets and operating lease liabilities are established for leases with an expected term greater than one year and we recognize lease expense on a straight-line basis. Contingent rent, determined based on a percentage of sales in excess of specified levels, is recognized as rent expense when the achievement of the specified sales that triggers the contingent rent is probable.

Refer to Note 2 "Accounting Standard Adopted in Fiscal 2019" for further information.

Operating leases

We lease office and warehouse space (10 and 12 Whatney, Irvine, California) from a company that is owned by the co-founders of Tillys. The lease expires on December 31, 2027. We incurred rent expense of $2.1 million, $2.1 million and $1.1 million in fiscal years 2019, 2018 and 2017, respectively.

We lease office and warehouse space (11 Whatney, Irvine, California) from a company that is owned by one of the co-founders of Tillys. We incurred rent expense of $0.4 million in each of the fiscal years 2019, 2018 and 2017, related to this lease. Pursuant to the lease agreement, the lease payment adjusts annually based upon the Los Angeles/Anaheim/Riverside Urban Consumer Price Index, not to exceed 7%, but a minimum of 3%, in any one annual increase. The lease expires on June 30, 2022.

We lease a building (17 Pasteur, Irvine, California) from a company that is owned by one of the co-founders of Tillys. We use this property as our e-commerce distribution center. We incurred rent expense of $1.0 million in each of the fiscal years 2019, 2018 and 2017, respectively, related to this lease. Pursuant to the lease agreement, the lease payment adjusts annually based upon the Los Angeles/Anaheim/Riverside Urban Consumer Price Index, not to exceed 7%, but a minimum of 3%, in any one annual increase. The lease expires on October 31, 2021.

The maturity of operating lease liabilities as of February 1, 2020 were as follows (in thousands):



Fiscal Year	Related Party		Other		Total
2020	$	3,438	$	62,773	$	66,211
2021	3,175		58,193		61,368
2022	2,246		51,774		54,020
2023	2,168		42,675		44,843
2024	2,233		32,116		34,349
Thereafter	6,693		68,034		74,727
Total minimum lease payments	19,953		315,565		335,518
Less: Interest	2,993		36,449		39,442
Present value of operating lease liabilities	$	16,960	$	279,116	$	296,076

As of February 2, 2019, future minimum rental commitments, including fixed non-lease components, under non-cancellable operating leases for the above buildings and all of our store locations were as follows (in thousands):



Fiscal Year	Related Party		Other		Total
2019	$	3,351	$	60,542	$	63,893
2020	3,451		56,681		60,132
2021	3,274		50,541		53,815
2022	2,278		41,893		44,171
2023	2,163		32,948		35,111
Thereafter	9,112		57,833		66,945
Total	$	23,629	$	300,438	$	324,067

As of February 1, 2020, additional operating lease contracts that have not yet commenced are approximately $5 million.

Lease expense for fiscal years 2019, 2018 and 2017 was as follows (in thousands):



	February 1, 2020						February 2, 2019						February 3, 2018
	COGS		SG&A		Total		COGS		SG&A		Total		COGS		SG&A		Total
Fixed operating lease expense	$	51,184	$	1,525	$	52,709	$	40,868	$	907	$	41,775	$	34,925	$	653	$	35,578
Variable lease expense	2,352		86		2,438		2,339		—		2,339		1,552		—		1,552
Total lease expense	$	53,536	$	1,611	$	55,147	$	43,207	$	907	$	44,114	$	36,477	$	653	$	37,130

Supplemental lease information for the year ended February 1, 2020 was as follows:



Cash paid for amounts included in the measurement of operating lease liabilities (in thousands)	$65,458
Weighted average remaining lease term (in years)	6.2 years
Weighted average interest rate (1)	4.03%

(1) Since our leases do not provide an implicit rate, we used our incremental borrowing rate on date of adoption or at lease inception in determining the present value of future minimum payments.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Feb. 01, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Indemnifications, Commitments, and Guarantees During the normal course of business, we have made certain indemnifications, commitments, and guarantees under which we may be required to make payments for certain transactions. These indemnifications include those given to various lessors in connection with facility leases for certain claims arising from such facility or lease, and indemnifications to our directors and officers to the maximum extent permitted under the laws of the state of Delaware. The majority of these indemnifications, commitments, and guarantees do not provide for any limitation of the maximum potential future payments we could be obligated to make, and their duration may be indefinite. We have not recorded any liability for these indemnifications, commitments, and guarantees in the accompanying Consolidated Balance Sheets. Purchase Obligations At February 1, 2020, our future minimum payments under agreements to purchase services primarily for software maintenance aggregated to $4.2 million, payable as follows: $1.9 million in fiscal 2020, $1.4 million in fiscal 2021, $0.7 million in fiscal 2022 , $0.1 million in fiscal 2023 and $0.1 million in fiscal 2024. Legal Proceedings From time to time, we may become involved in lawsuits and other claims arising from our ordinary course of business. We establish loss provisions for matters in which losses are probable and can be reasonably estimated. For some matters, we are currently unable to predict the ultimate outcome, determine whether a liability has been incurred or make an estimate of the reasonably possible liability that could result from an unfavorable outcome because of the uncertainties related to the incurrence, amount and range of loss on any pending litigation or claim. Because of the unpredictable nature of these matters, we cannot provide any assurances regarding the outcome of any litigation or claim to which we are a party or that the ultimate outcome of any of the matters threatened or pending against us, including those disclosed below, will not have a material adverse effect on our financial condition, results of operations or cash flows. Juan Carlos Gonzales, on behalf of himself and all others similarly situated, v. Tilly’s Inc. et al, Superior Court of California, County of Orange, Case No. 30-2017-00948710-CU-OE-CXC. In October 2017, the plaintiff filed a putative class action against us, alleging various violations of California’s wage and hour laws. The complaint seeks class certification, unspecified damages, unpaid wages, penalties, restitution, interest, and attorneys’ fees and costs. In December 2017, we filed an answer to the complaint, denying all of the claims and asserting various defenses. In April 2018, the plaintiff filed a separate action under the Private Attorneys General Act (“PAGA”) against us seeking penalties on behalf of himself and other similarly situated employees for the same alleged violations of California's wage and hour laws. We requested the plaintiff to dismiss the class action claims based on an existing class action waiver in an arbitration agreement which plaintiff signed with our co-defendant, BaronHR, the staffing company that employed plaintiff to work at the Company. In June 2018, the plaintiff's class action complaint was dismissed. The parties mediated the PAGA case with a well-respected mediator on March 11, 2020. Although the case did not settle at the mediation, the parties have agreed to continue their settlement discussions with the assistance of the mediator. The court has not yet issued a trial date. By agreement between co-defendant BaronHR and Tilly's, BaronHR is required to indemnify Tilly's in this matter. We have defended this case vigorously, and will continue to do so. Skylar Ward, on behalf of herself and all others similarly situated, v. Tilly’s, Inc., Superior Court of California, County of Los Angeles, Case No. BC59540.5. In September 2015, the plaintiff filed a putative class action lawsuit against us alleging, among other things, various violations of California's wage and hour laws. The complaint sought class certification, unspecified damages, unpaid wages, penalties, restitution, and attorneys' fees. In June 2016, the court granted our demurrer to the plaintiff's complaint on the grounds that the plaintiff failed to state a cause of action against Tilly's and dismissed the complaint. Specifically, the court agreed with us that the plaintiff's cause of action for reporting-time pay fails as a matter of law as the plaintiff and other putative class members did not "report for work" with respect to certain shifts on which the plaintiff's claims are based. In November 2016, the court entered a written order sustaining our demurrer to the plaintiff's complaint and dismissing all of plaintiff’s causes of action with prejudice. In January 2017, the plaintiff filed an appeal of the order to the California Court of Appeal. In October 2017, the plaintiff filed her opening appellate brief, and our responding appellate brief was filed in December 2017. In May 2018, the plaintiff filed her reply appellate brief. Later in May 2018, an amicus brief was filed by Abercrombie & Fitch Stores, Inc., in support of Tilly’s position in this appeal. Oral argument was heard by the California Court of Appeal in November 2018. On February 4, 2019, the Court of Appeal issued an opinion overturning the trial court’s decision, holding that the plaintiff’s allegations stated a claim. In March 2019, we filed a petition for review with the California Supreme Court seeking its discretionary review of the Court of Appeal’s decision. In May 2019, the California Supreme Court denied the petition for review and remanded the case to the trial court for further proceedings. In July 2019, we filed an answer to the first amended complaint, denying all claims and asserting various defenses. The parties are currently engaged in discovery. We have defended this case vigorously, and will continue to do so.

Fair Value Measurements

12 Months Ended

Feb. 01, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurements

We determine fair value based on a three-level valuation hierarchy as described below. Fair value is defined as the exit price associated with the sale of an asset or transfer of a liability in an orderly transaction between market participants at the measurement date. The three-level hierarchy of inputs used to determine fair value is as follows:

•Level 1 – Quoted prices in active markets for identical assets and liabilities.

•Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

•Level 3 – Unobservable inputs (i.e. projections, estimates, interpretations, etc.) that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

We measure certain financial assets at fair value on a recurring basis, including our marketable securities which are classified as available-for-sale securities, and certain cash equivalents, specifically money market securities, commercial paper, municipal bonds and certificates of deposits. The money market accounts are valued based on quoted market prices in active markets. The available-for-sale marketable securities are valued based on other observable inputs for those securities (including market corroborated pricing or other models that utilize observable inputs such as interest rates and yield curves) based on information provided by independent third party entities.

From time to time, we measure certain assets at fair value on a non-recurring basis, including evaluation of long-lived assets for impairments using Company-specific assumptions which would fall within Level 3 of the fair-value hierarchy.

Fair value calculations contain significant judgments and estimates, which may differ from actual results due to, among other things, economic conditions, changes to the business model or changes in operating performance.

We did not make any transfers between Level 1 and Level 2 financial assets during fiscal years 2019, 2018 and 2017. Furthermore, as of February 1, 2020 and February 2, 2019, we did not have any Level 3 financial assets. We conduct reviews on a quarterly basis to verify pricing, assess liquidity, and determine if significant inputs have changed that would impact the fair value hierarchy disclosure.

Financial Assets

In accordance with the provisions of ASC 820, we categorized our financial assets based on the priority of the inputs to the valuation technique for the instruments as follows (in thousands):



	February 1, 2020			February 2, 2019
	Level 1	Level 2	Level 3	Level 1	Level 2	Level 3
Cash equivalents (1):
Money market securities	$58,614	$—	$—	$56,856	$—	$—
Commercial paper	—	—	—	—	4,975	—
Marketable securities:
Commercial paper	$—	$54,756	$—	$—	$49,704	$—

(1) Excludes cash

Impairment of Long-Lived Assets

On at least a quarterly basis, we assess whether events or changes in circumstances have occurred that potentially indicate the carrying value of long-lived assets may not be recoverable. Based on Level 3 inputs of historical operating performance, including sales trends, gross margin rates, current cash flows from operations and the projected outlook for each of our stores, we determined that certain stores would not be able to generate sufficient cash flows over the remaining term of the related leases to recover our investment in the respective stores. As a result, we recorded non-cash impairment charges of approximately $0.3 million, $0.8 million and $0.8 million in fiscal years 2019, 2018 and 2017, respectively, to write-down the carrying value of certain long-lived store assets to their estimated fair values.



	Fiscal Year Ended
	February 1, 2020	February 2, 2019	February 3, 2018
	($ in thousands)
Carrying value of assets with impairment	$282	$786	$848
Fair value of assets impaired	$—	$—	$—
Number of stores tested for impairment	5	7	10
Number of stores with impairment	1	2	4

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Share-Based Compensation

12 Months Ended

Feb. 01, 2020

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

The Tillys 2012 Amended and Restated Equity and Incentive Award Plan, as amended in June 2014 (the "2012 Plan"), authorizes up to 4,413,900 shares for issuance of options, shares or rights to acquire our Class A common stock and allows for, among other things, operating income and comparable store sales growth targets as additional performance goals that may be used in connection with performance-based awards granted under the 2012 Plan. As of February 1, 2020, there were 1,042,027 shares available for future issuance under the 2012 Plan.

Options

We grant stock options to certain employees that gives them the right to acquire our Class A common stock under the 2012 Plan. The exercise price of options granted is equal to the closing price per share of our stock at the date of grant. The non-qualified options vest at a rate of 25% on each of the first four anniversaries of the grant date provided that the award recipient continues to be employed by us through each of those vesting dates, and expire ten years from the date of grant.

The following table summarizes our stock option activity for fiscal year 2019:



	Stock Options	Grant Date Weighted Average Exercise Price	Weighted Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value(1)
			(in years)	($ in thousands)
Outstanding at February 2, 2019	1,736,250	$9.47
Granted	733,500	$10.60
Exercised	(181,001)	$8.78
Forfeited	(120,967)	$10.11
Expired	(174,595)	$14.19
Outstanding at February 1, 2020	1,993,187	$9.50	7.2	$1,463
Exercisable at February 1, 2020	974,670	$8.85	5.4	$1,361


(1)	Intrinsic value for stock options is defined as the difference between the market price of our Class A common stock on the last business day of the fiscal year and the weighted average exercise price of in-the-money stock options outstanding at the end of each fiscal period. The market value per share was $8.50 at February 1, 2020.

The total intrinsic value of options exercised in fiscal years 2019, 2018 and 2017 was $0.5 million, $2.0 million and $1.3 million, respectively.

The total fair value of options vested in fiscal years 2019, 2018 and 2017 was $1.8 million, $1.6 million and $1.6 million, respectively.

The total proceeds received from the exercise of stock options in fiscal years 2019, 2018 and 2017 was $1.6 million, $3.7 million and $3.4 million, respectively. The tax benefit realized from stock options exercised in fiscal years 2019, 2018 and 2017 was $0.1 million, $0.5 million and $0.5 million, respectively.

The stock option awards were measured at fair value on the grant date using the Black-Scholes option valuation model. Key input assumptions used to estimate the fair value of stock options include the exercise price of the award, the expected option term, expected volatility of our stock over the option’s expected term, the risk-free interest rate over the option’s expected term and our expected annual dividend yield, if any. We will issue shares of Class A common stock when the options are exercised. The fair values of stock options granted in fiscal years 2019, 2018 and 2017 were estimated on the grant dates using the following assumptions:



	Fiscal Year Ended
	February 1, 2020	February 2, 2019	February 3, 2018
Weighted average grant-date fair value per option granted	$5.10	$5.45	$3.99
Expected option term (1)	5.0 years	5.0 years	5.0 years
Expected volatility factor (2)	53.8%	51.6%	50.3%
Risk-free interest rate (3)	2.1%	2.6%	1.93%
Expected annual dividend yield (4)	—%	—%	—%


(1)	We have limited historical information regarding expected option term. Accordingly, we determine the expected option term of the awards using the latest historical data available from comparable public companies and management’s expectation of exercise behavior.


(2)	Stock volatility for each grant is measured using the weighted average of historical daily price changes of our common stock over the most recent period equal to the expected option term of the awards.


(3)	The risk-free interest rate is determined using the rate on treasury securities with the same term as the expected life of the stock option as of the grant date.


(4)	We do not have a dividend policy and we do not anticipate paying any additional cash dividends on our common stock at this time.

Restricted Stock

Restricted stock awards ("RSAs") represent restricted shares issued upon the date of grant in which the recipient's rights in the stock are restricted until the shares are vested, whereas restricted stock units represent shares issuable in the future upon vesting. Under the 2012 Plan, we grant RSAs to independent members of our Board of Directors and restricted stock units to certain employees. RSAs granted to Board members vest at a rate of 50% on each of the first two anniversaries of the grant date provided that the respective award recipient continues to serve on our Board of Directors through each of those vesting dates. The restricted stock units granted to certain employees vest at a rate of 25% on each of the first four anniversaries of the grant date provided that the respective recipient continues to be employed by us through each of those vesting dates. We determine the fair value of restricted stock underlying the RSAs and restricted stock units based upon the closing price of our Class A common stock on the date of grant.

A summary of the status of non-vested restricted stock as of February 1, 2020 and changes during fiscal year 2019 are presented below:



	Shares	Weighted- Average Grant-Date Fair Value
Nonvested at February 2, 2019	60,901	$14.32
Granted	41,184	$7.77
Vested	(50,165)	$14.20
Nonvested at February 1, 2020	51,920	$9.24

The weighted-average grant-date fair value of restricted stock granted during the years ended February 2, 2019 and February 3, 2018 was $14.90 and $10.39, respectively.

The total fair value of restricted stock vested was $0.5 million, $0.9 million and $0.7 million in fiscal years 2019, 2018 and 2017, respectively.

Share-based compensation expense associated with stock options and restricted stock is recognized on a straight-line basis over the requisite service period. The following table summarizes share-based compensation recorded in the accompanying Consolidated Statements of Income (in thousands):



	Fiscal Year Ended
	February 1, 2020	February 2, 2019	February 3, 2018
Cost of goods sold	$482	$517	$612
Selling, general and administrative expenses	1,654	1,695	1,799
Total share-based compensation	$2,136	$2,212	$2,411

At February 1, 2020, there was $4.1 million of total unrecognized share-based compensation expense related to unvested stock options and restricted stock awards. This cost has a weighted average remaining recognition period of 2.8 years.

Retirement Savings Plan	12 Months Ended
Retirement Savings Plan	Feb. 01, 2020
Retirement Benefits [Abstract]
Retirement Savings Plan	Retirement Savings Plan The Tillys 401(k) Plan (the “401(k) Plan”) is a qualified plan under Section 401(k) of the Internal Revenue Code. The 401(k) Plan covers all employees that have attained age 21 and completed at least three months of employment tenure. Matching contributions to the 401(k) Plan by the Company are made at the discretion of our Board of Directors. Total employer contributions to the 401(k) Plan totaled $0.7 million, $0.6 million and $0.6 million in fiscal years 2019, 2018 and 2017, respectively.

Income Taxes

12 Months Ended

Feb. 01, 2020

Income Tax Disclosure [Abstract]

Income Taxes

The components of income tax expense for fiscal years 2019, 2018 and 2017 were as follows (in thousands):



	Fiscal Year Ended
	February 1, 2020			February 2, 2019		February 3, 2018
Current:
Federal	$	11,211		$	5,818	$	6,236
State	3,238			2,153		1,304
	14,449			7,971		7,540
Deferred:
Federal	(4,704		)	760		2,436
State	(1,011		)	119		533
	(5,715		)	879		2,969
Total income tax expense	$	8,734		$	8,850	$	10,509

A reconciliation of income tax expense to the amount computed at the federal statutory rate for fiscal years 2019, 2018 and 2017 is as follows (in thousands):



	Fiscal Year Ended
	February 1, 2020			February 2, 2019			February 3, 2018
Federal taxes at statutory rate	$	6,585		$	7,097		$	8,529
State and local income taxes, net of federal benefit	1,759			1,795			1,216
Tax reform impact	—			—			491
Stock compensation discrete items (1)	527			(39		)	231
Return to provision adjustments	(8		)	(108		)	124
Other	(129		)	105			(82		)
Total income tax expense	$	8,734		$	8,850		$	10,509

(1)

This amount includes the impact of discrete items related to the expiration of stock options, exercises of stock options and the settlement of restricted stock that are recorded to income tax expense which represents share-based compensation cost previously recognized by us that was greater than the deduction allowed for income tax purposes based on the price of our common stock on the date of expiration, exercise or vesting.

Deferred income taxes reflect the net tax effects of: (a) temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes; and (b) operating loss and tax credit carry-forwards. We record net deferred tax assets to the extent we believe these assets will more likely than not be realized. In making such determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. Significant components of deferred tax assets and liabilities as of February 1, 2020 and February 2, 2019 were as follows (in thousands):



	February 1, 2020			February 2, 2019
Deferred tax assets:
Lease Liability	$	81,144		$	—
Deferred rent	—			3,446
Share-based compensation	1,487			1,841
Inventories	1,974			1,628
Accrued expenses	1,344			985
Compensation and benefits	472			426
Deferred revenue	128			417
Other	143			—
Total deferred tax assets	86,692			8,743
Deferred tax liabilities:
Lease Asset	(70,569		)	—
Property and equipment	(8,113		)	(6,133		)
Prepaid expenses	(932		)	(878		)
Marketable securities	(79		)	(84		)
Other	—			(369		)
Total deferred tax liabilities	(79,693		)	(7,464		)
Net deferred tax asset	$	6,999		$	1,279

Deferred tax assets are included in “Other assets" in the accompanying Consolidated Balance Sheets.

As of February 1, 2020 and February 2, 2019, we had approximately $0.1 million and $0.1 million, respectively of California Enterprise Zone credit carryovers. These credits will begin to expire during fiscal year 2022 if not utilized.

Uncertain Tax Positions

As of February 1, 2020 and February 2, 2019, there were no material unrecognized tax positions. We do not anticipate that there will be a material change in the balance of the unrecognized tax positions in the next 12 months. Any interest and penalties related to uncertain tax positions are recorded in income tax expense. We did not recognize any interest or penalties related to unrecognized tax positions during fiscal years 2019, 2018 and 2017.

We file income tax returns in the United States federal jurisdiction and in various state and local jurisdictions. In the normal course of business, we are subject to examination by taxing authorities. Fiscal years 2017 and 2018 remain subject to examination for federal tax purposes and fiscal years 2015 through 2018 remain subject to examination in significant state tax jurisdictions.

Earnings Per Share

12 Months Ended

Feb. 01, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Our common stock consists of two classes: Class A and Class B. The Class A and Class B common stock have identical rights, except with respect to voting and conversion.

Net income per share is computed under the provisions of ASC Topic 260, Earnings Per Share. Basic net income per share is computed based on the weighted average number of common shares outstanding during the period. Diluted net income per share is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method, whereby proceeds from such exercise, and unamortized compensation expense, on share-based awards are assumed to be used by us to purchase the common shares at the average market price during the period. Potentially dilutive shares of common stock represent outstanding stock options and restricted stock awards.

The components of basic and diluted earnings per share of Class A and Class B common stock, in aggregate, for fiscal years 2019, 2018 and 2017 are as follows (in thousands, except per share amounts):



	Fiscal Year Ended
	February 1, 2020		February 2, 2019		February 3, 2018
Net income	$	22,622	$	24,943	$	14,700

Weighted average basic shares outstanding	29,533		29,278		28,804
Dilutive effect of stock options and restricted stock	255		490		270
Weighted average shares for diluted earnings per share	29,788		29,768		29,074

Basic earnings per share of Class A and Class B common stock	$	0.77	$	0.85	$	0.51
Diluted earnings per share of Class A and Class B common stock	$	0.76	$	0.84	$	0.51

The earnings per share amounts are the same for Class A and Class B common stock, in aggregate, and individually for Class A and Class B common stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation. Shares of Class A and Class B common stock vote together as a single class on all matters submitted to a vote of stockholders. Holders of Class A common stock are entitled to one vote per share and holders of Class B common stock are entitled to 10 votes per share.

The following stock options and restricted stock have been excluded from the calculation of diluted earnings per share as the effect of including these stock options and restricted stock would have been anti-dilutive (in thousands):



	Fiscal Year Ended
	February 1, 2020	February 2, 2019	February 3, 2018
Stock options	1,349	553	1,058
Restricted stock	—	—	56
Total	1,349	553	1,114

Related Party Transactions	12 Months Ended
Related Party Transactions	Feb. 01, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Certain Leases As discussed in “Note 9: Leases”, we lease certain facilities from companies that are owned by the co-founders of Tillys. Tilly's Life Center Tilly’s Life Center, (“TLC”), is a charitable organization which provides underprivileged youth a healthy and caring environment. The Company’s co-founder is also the founder and President of TLC. In fiscal 2019, 2018 and 2017, our Board of Directors approved annual financial support for TLC of $200,000, $200,000 and $70,000, respectively, for each fiscal year.

Quarterly Financial Information (Unaudited)

12 Months Ended

Feb. 01, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

The tables below set forth unaudited selected quarterly financial data for each of the last two fiscal years (in thousands, except per share data). Each of the quarters presented was thirteen weeks in duration. The operating results in any quarter are not necessarily indicative of the results that may be expected for any future period. We have derived this data from our unaudited consolidated interim financial statements that, in our opinion, have been prepared on substantially the same basis as the audited financial statements contained elsewhere in this report and include all normal recurring adjustments necessary for a fair presentation of the financial information for the periods presented. These unaudited quarterly results should be read in conjunction with our financial statements and notes thereto included elsewhere in this report. The quarters are calculated independent of each other and therefore may not agree to the year to date amounts.



	Fiscal Year Ended February 1, 2020
	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Net sales	$130,303	$161,738	$154,780	$172,479
Gross profit	35,684	51,719	47,171	52,134
Operating income	146	12,110	7,704	8,495
Net income	677	9,284	6,388	6,273
Basic earnings per share	$0.02	$0.31	$0.22	$0.21
Diluted earnings per share	$0.02	$0.31	$0.21	$0.21

	Fiscal Year Ended February 2, 2019
	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Net sales	$123,634	$157,406	$146,826	$170,612
Gross profit	34,977	50,105	43,656	52,157
Operating income	1,331	12,478	6,737	10,934
Net income	1,223	9,689	5,355	8,677
Basic earnings per share	$0.04	$0.33	$0.18	$0.29
Diluted earnings per share	$0.04	$0.33	$0.18	$0.29

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Feb. 01, 2020
Equity [Abstract]
Stockholders' Equity	Stockholders' Equity On January 24, 2020, our Board of Director's declared a special cash dividend of $1.00 per share to all holders of record of issued and outstanding shares of both Class A and Class B common stock as of the close of business on February 12, 2020, with payment of $29.7 million made on February 26, 2020. On January 31, 2019, our Board of Director's declared a special cash dividend of $1.00 per share to all holders of record of issued and outstanding shares of both Class A and Class B common stock as of the close of business on February 15, 2019, with payment of $29.5 million made on February 27, 2019. On January 24, 2018, our Board of Director's declared a special cash dividend of $1.00 per share to all holders of record of issued and outstanding shares of both Class A and Class B common stock as of the close of business on February 9, 2018, with payment of $29.1 million made on February 20, 2018. On January 31, 2017, our Board of Director's declared a special cash dividend of $0.70 per share to all holders of record of issued and outstanding shares of both Class A and Class B common stock as of the close of business on February 15, 2017, with payment of $20.1 million made on February 24, 2017.

Subsequent Events

12 Months Ended

Feb. 01, 2020

Subsequent Events [Abstract]

Subsequent Events

In March 2020, the World Health Organization classified the novel coronavirus (“COVID-19”) outbreak as a global pandemic, based on the rapid increase in exposure globally. The COVID-19 pandemic has had far-reaching impacts on many aspects of our operations, directly and indirectly, including on consumer behavior, store traffic, production capabilities, timing of deliveries, our people, and the market generally. The scope and nature of these impacts continue to evolve each day. In light of the uncertain and rapidly evolving situation relating to the COVID-19 pandemic, we have taken certain precautionary measures intended to help minimize the risk to our Company, employees, customers, and the communities in which we operate, and to attempt to protect our ability to continue as a going concern, including the following:

•

On March 18, 2020, we temporarily closed all 239 of our stores across the United States. In addition, we have closed the distribution center that serves our stores and are not currently accepting shipments from vendors for our stores. We expect that our stores will remain closed to the public for an undetermined period of time, and until permitted by federal, state and local instructions to reopen;


•	On March 24, 2020, we borrowed approximately $23.7 million under our revolving credit facility, which represented the maximum borrowings permitted thereunder, at an interest rate of approximately 1.7% per annum;


•	On March 27, 2020, we furloughed all non-management store associates, a significant majority of our stores' distribution center staff, and a portion of our corporate office staff, and may elect to take further actions with respect to our employees in the future;


•	We identified additional expense reductions that we intend to implement throughout the remainder of fiscal 2020 as necessary;


•	Although our website and e-commerce distribution center currently continue to operate, we continue to evaluate their operations, and may elect, or be required, to shut down their operations temporarily at any time in the future;


•	We have suspended all non-essential travel for our employees; and


•	We are discouraging employee attendance at industry events and in-person work-related meetings, and have encouraged all employees able to work remotely to do so.

In addition to the foregoing actions by the Company, members of management and the Board of Directors have taken the following actions, which we expect will remain in place at least until the Company's stores reopen, or conditions improve:


•	Hezy Shaked, Executive Chairman and Chief Strategy Officer, has elected to forgo his salary;


•	Ed Thomas, President and Chief Executive Officer, has elected to forgo his salary for the month of April 2020, and thereafter will join the Company's management team in taking a temporary reduction in salary;


•	Each of the other members of the Company's management team elected to take a significant temporary reduction in salary based on a graduated scale according to annual salary, effective immediately; and


•	The members of our Board of Directors unanimously elected to forgo their respective quarterly cash retainer fees for their service on our Board.

While we anticipate that the foregoing measures are temporary, we cannot predict the specific duration for which these precautionary measures will stay in effect, and we may elect or need to take additional measures as the information available to us continues to develop, including with respect to our employees, inventory receipts, store leases, and our relationships with our third-party vendors. The extent to which the COVID-19 pandemic, and our precautionary measures in response thereto, may impact our business, financial condition or results of operations will depend on how the COVID-19 pandemic and its impacts to continue to develop, which are highly uncertain and cannot be predicted at this time.

On March 27, 2020, President Trump signed into law the “Coronavirus Aid, Relief and Economic Security (CARES) Act.” The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. We continue to examine the impacts this CARES Act may have on our business.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Feb. 01, 2020

Accounting Policies [Abstract]

Cash and Cash Equivalents

We consider all short-term investments with an initial maturity of 90 days or less when purchased to be cash equivalents.

Marketable Securities

Merchandise Inventories

Property and Equipment

Property and Equipment, net

Impairment of Long-Lived Assets

Operating Leases

Revenue Recognition

Cost of Goods Sold

Cost of goods sold includes product costs and buying, distribution and occupancy costs as follows:


•	Costs of products sold include:


•	freight expenses associated with merchandise received from our vendors into our distribution centers;


•	vendor allowances;


•	cash discounts on payments to merchandise vendors;


•	physical inventory losses; and


•	markdowns of inventory.


•	Buying, distribution and occupancy costs include:


•	payroll, benefit costs, and incentive compensation for merchandising personnel;


•	customer shipping and handling expenses;


•	costs associated with operating our distribution and fulfillment center, including payroll and benefit costs for our distribution center, occupancy costs, and depreciation;


•	freight expenses associated with shipping merchandise inventories from our distribution center to our stores and e-commerce customers; and


•	store occupancy costs, including rent, maintenance, utilities, property taxes, business licenses, security costs and depreciation.

Selling, General and Administrative Expenses


•	Payroll, benefit costs and incentive compensation for store, regional, e-commerce and corporate employees;


•	Occupancy and maintenance costs of corporate office facilities;


•	Depreciation related to corporate office assets;


•	Advertising and marketing costs, net of reimbursement from vendors;


•	Tender costs, including costs associated with credit and debit card interchange fees;


•	Long-lived asset impairment charges;


•	Legal provisions;


•	Other administrative costs such as supplies, consulting, audit and tax preparation fees, travel and lodging; and


•	Charitable contributions.

Store Pre-opening Costs

Advertising

Share-Based Compensation

Income Taxes

Earnings per Share

Concentration of Credit Risk

Use of Estimates

New Accounting Standards

New Accounting Standards Not Yet Adopted

Accounting Standard Adopted in Fiscal 2019

Accounting Standard Adopted in Fiscal 2018

The adoption of ASC 606 resulted in a net cumulative effect adjustment that increased the opening balance of retained earnings by $1.4 million, as well as the following impacts:


•	Breakage revenue is now recognized over time in proportion to actual customer redemptions. Breakage revenue was previously recognized two full fiscal years after the gift cards were activated when the probability of redemption was considered remote.


•	Revenue for merchandise shipped to the customer from a distribution center or store is now recognized at the shipping point, whereas it was previously recognized upon customer receipt.

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

12 Months Ended

Feb. 01, 2020

Accounting Policies [Abstract]

Disaggregation of Revenue

The following table summarizes net sales from our retail stores and e-commerce (in thousands):



	Fiscal Year Ended
	February 1, 2020		February 2, 2019		February 3, 2018
Retail stores	$	520,843	$	508,853	$	501,053
E-commerce	98,457		89,625		75,846
Total net sales	$	619,300	$	598,478	$	576,899

The following table summarizes the percent of net sales by department:



	Fiscal Year Ended
	February 1, 2020		February 2, 2019		February 3, 2018
Mens	36	%	35	%	35	%
Womens	24	%	25	%	25	%
Accessories	18	%	18	%	19	%
Footwear	12	%	12	%	11	%
Boys	6	%	6	%	6	%
Girls	4	%	4	%	4	%
Total net sales	100	%	100	%	100	%

The following table summarizes the percent of net sales by third-party and proprietary branded merchandise:



	Fiscal Year Ended
	February 1, 2020		February 2, 2019		February 3, 2018
Third-party	75	%	75	%	74	%
Proprietary	25	%	25	%	26	%
Total net sales	100	%	100	%	100	%

Marketable Securities (Tables)

12 Months Ended

Feb. 01, 2020

Investments, Debt and Equity Securities [Abstract]

Investments in Marketable Securities

The following table summarizes investments in marketable securities at February 1, 2020 and February 2, 2019 (in thousands):



	February 1, 2020
	Cost or Amortized Cost	Gross Unrealized Holding Gains	Estimated Fair Value
Commercial paper	$54,463	$293	$54,756
Fixed income securities	15,024	—	15,024
Total marketable securities	$69,487	$293	$69,780

	February 2, 2019
	Cost or Amortized Cost	Gross Unrealized Holding Gains	Estimated Fair Value
Commercial paper	$49,402	$302	$49,704
Fixed income securities	26,215	—	26,215
Total marketable securities	$75,617	$302	$75,919

Receivables (Tables)

12 Months Ended

Feb. 01, 2020

Receivables [Abstract]

Components of Receivables

At February 1, 2020 and February 2, 2019, receivables consisted of the following (in thousands):



	February 1, 2020		February 2, 2019
Tenant allowances due from landlords	$	3,968	$	2,729
Credit and debit card receivables	2,834		2,679
Vendor receivables	409		467
Other	274		210
Less: Allowance for doubtful accounts	—		(3		)
Total receivables	$	7,485	$	6,082

Prepaid Expenses and Other Current Assets (Tables)

12 Months Ended

Feb. 01, 2020

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Components of Prepaid Expenses and Other Current Assets

At February 1, 2020 and February 2, 2019, prepaid expenses and other current assets consisted of the following (in thousands):



	February 1, 2020		February 2, 2019
Prepaid rent	$	1,475	$	7,680
Prepaid maintenance	1,421		1,759
Prepaid insurance	1,035		816
Other	630		916
Total prepaid expenses and other current assets	$	4,561	$	11,171

Property and Equipment (Tables)

12 Months Ended

Feb. 01, 2020

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

At February 1, 2020 and February 2, 2019, property and equipment consisted of the following (in thousands):



	February 1, 2020			February 2, 2019
Leasehold improvements	$	147,685		$	138,996
Furniture and fixtures	46,209			45,061
Computer hardware and software	40,936			39,110
Machinery and equipment	33,244			32,377
Vehicles	2,104			2,080
Construction in progress	2,326			2,469
Property and equipment, gross	272,504			260,093
Accumulated depreciation	(206,328		)	(186,251		)
Property and equipment, net	$	66,176		$	73,842

Accrued Expenses (Tables)

12 Months Ended

Feb. 01, 2020

Payables and Accruals [Abstract]

Components of Accrued Expenses

At February 1, 2020 and February 2, 2019, accrued expenses consisted of the following (in thousands):



	February 1, 2020		February 2, 2019
Income taxes payable	$	3,997	$	1,679
Accrued construction	3,167		2,539
Accrued freight	2,264		2,703
Sales and use taxes payable	1,832		1,702
Merchandise returns	1,421		1,399
Computer services	277		868
Other	7,797		7,866
Total accrued expenses	$	20,755	$	18,756

Leases (Tables)

12 Months Ended

Feb. 01, 2020

Leases [Abstract]

Future Minimum Operating Rental Commitments

The maturity of operating lease liabilities as of February 1, 2020 were as follows (in thousands):



Fiscal Year	Related Party		Other		Total
2020	$	3,438	$	62,773	$	66,211
2021	3,175		58,193		61,368
2022	2,246		51,774		54,020
2023	2,168		42,675		44,843
2024	2,233		32,116		34,349
Thereafter	6,693		68,034		74,727
Total minimum lease payments	19,953		315,565		335,518
Less: Interest	2,993		36,449		39,442
Present value of operating lease liabilities	$	16,960	$	279,116	$	296,076

Schedule of Future Minimum Rental Payments for Operating Leases

, future minimum rental commitments, including fixed non-lease components, under non-cancellable operating leases for the above buildings and all of our store locations were as follows (in thousands):



Fiscal Year	Related Party		Other		Total
2019	$	3,351	$	60,542	$	63,893
2020	3,451		56,681		60,132
2021	3,274		50,541		53,815
2022	2,278		41,893		44,171
2023	2,163		32,948		35,111
Thereafter	9,112		57,833		66,945
Total	$	23,629	$	300,438	$	324,067

Lease, Cost

Lease expense for fiscal years 2019, 2018 and 2017 was as follows (in thousands):



	February 1, 2020						February 2, 2019						February 3, 2018
	COGS		SG&A		Total		COGS		SG&A		Total		COGS		SG&A		Total
Fixed operating lease expense	$	51,184	$	1,525	$	52,709	$	40,868	$	907	$	41,775	$	34,925	$	653	$	35,578
Variable lease expense	2,352		86		2,438		2,339		—		2,339		1,552		—		1,552
Total lease expense	$	53,536	$	1,611	$	55,147	$	43,207	$	907	$	44,114	$	36,477	$	653	$	37,130

Supplemental lease information for the year ended February 1, 2020 was as follows:



Cash paid for amounts included in the measurement of operating lease liabilities (in thousands)	$65,458
Weighted average remaining lease term (in years)	6.2 years
Weighted average interest rate (1)	4.03%

(1) Since our leases do not provide an implicit rate, we used our incremental borrowing rate on date of adoption or at lease inception in determining the present value of future minimum payments.

Fair Value Measurements (Tables)

12 Months Ended

Feb. 01, 2020

Fair Value Disclosures [Abstract]

Financial Assets Categorized Based on Priority of Inputs to Valuation Technique Instruments

In accordance with the provisions of ASC 820, we categorized our financial assets based on the priority of the inputs to the valuation technique for the instruments as follows (in thousands):



	February 1, 2020			February 2, 2019
	Level 1	Level 2	Level 3	Level 1	Level 2	Level 3
Cash equivalents (1):
Money market securities	$58,614	$—	$—	$56,856	$—	$—
Commercial paper	—	—	—	—	4,975	—
Marketable securities:
Commercial paper	$—	$54,756	$—	$—	$49,704	$—

(1) Excludes cash

Details of Impairment of Long-Lived Assets

As a result, we recorded non-cash impairment charges of approximately $0.3 million, $0.8 million and $0.8 million in fiscal years 2019, 2018 and 2017, respectively, to write-down the carrying value of certain long-lived store assets to their estimated fair values.



	Fiscal Year Ended
	February 1, 2020	February 2, 2019	February 3, 2018
	($ in thousands)
Carrying value of assets with impairment	$282	$786	$848
Fair value of assets impaired	$—	$—	$—
Number of stores tested for impairment	5	7	10
Number of stores with impairment	1	2	4

Share-Based Compensation (Tables)

12 Months Ended

Feb. 01, 2020

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Option Activity Under Stock Option Plan

The following table summarizes our stock option activity for fiscal year 2019:



	Stock Options	Grant Date Weighted Average Exercise Price	Weighted Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value(1)
			(in years)	($ in thousands)
Outstanding at February 2, 2019	1,736,250	$9.47
Granted	733,500	$10.60
Exercised	(181,001)	$8.78
Forfeited	(120,967)	$10.11
Expired	(174,595)	$14.19
Outstanding at February 1, 2020	1,993,187	$9.50	7.2	$1,463
Exercisable at February 1, 2020	974,670	$8.85	5.4	$1,361


(1)	Intrinsic value for stock options is defined as the difference between the market price of our Class A common stock on the last business day of the fiscal year and the weighted average exercise price of in-the-money stock options outstanding at the end of each fiscal period. The market value per share was $8.50 at February 1, 2020.

Assumptions Used to Estimate Fair Value of Stock Options Granted

The fair values of stock options granted in fiscal years 2019, 2018 and 2017 were estimated on the grant dates using the following assumptions:



	Fiscal Year Ended
	February 1, 2020	February 2, 2019	February 3, 2018
Weighted average grant-date fair value per option granted	$5.10	$5.45	$3.99
Expected option term (1)	5.0 years	5.0 years	5.0 years
Expected volatility factor (2)	53.8%	51.6%	50.3%
Risk-free interest rate (3)	2.1%	2.6%	1.93%
Expected annual dividend yield (4)	—%	—%	—%


(1)	We have limited historical information regarding expected option term. Accordingly, we determine the expected option term of the awards using the latest historical data available from comparable public companies and management’s expectation of exercise behavior.


(2)	Stock volatility for each grant is measured using the weighted average of historical daily price changes of our common stock over the most recent period equal to the expected option term of the awards.


(3)	The risk-free interest rate is determined using the rate on treasury securities with the same term as the expected life of the stock option as of the grant date.

Summary of Status of Non-Vested Restricted Stock

A summary of the status of non-vested restricted stock as of February 1, 2020 and changes during fiscal year 2019 are presented below:



	Shares	Weighted- Average Grant-Date Fair Value
Nonvested at February 2, 2019	60,901	$14.32
Granted	41,184	$7.77
Vested	(50,165)	$14.20
Nonvested at February 1, 2020	51,920	$9.24

Schedule of Stock Based Compensation

The following table summarizes share-based compensation recorded in the accompanying Consolidated Statements of Income (in thousands):



	Fiscal Year Ended
	February 1, 2020	February 2, 2019	February 3, 2018
Cost of goods sold	$482	$517	$612
Selling, general and administrative expenses	1,654	1,695	1,799
Total share-based compensation	$2,136	$2,212	$2,411

Income Taxes (Tables)

12 Months Ended

Feb. 01, 2020

Income Tax Disclosure [Abstract]

Components of Income Tax Expense

The components of income tax expense for fiscal years 2019, 2018 and 2017 were as follows (in thousands):



	Fiscal Year Ended
	February 1, 2020			February 2, 2019		February 3, 2018
Current:
Federal	$	11,211		$	5,818	$	6,236
State	3,238			2,153		1,304
	14,449			7,971		7,540
Deferred:
Federal	(4,704		)	760		2,436
State	(1,011		)	119		533
	(5,715		)	879		2,969
Total income tax expense	$	8,734		$	8,850	$	10,509

Reconciliation of Income Tax Expense to Amount Computed At Federal Statutory Rate

A reconciliation of income tax expense to the amount computed at the federal statutory rate for fiscal years 2019, 2018 and 2017 is as follows (in thousands):



	Fiscal Year Ended
	February 1, 2020			February 2, 2019			February 3, 2018
Federal taxes at statutory rate	$	6,585		$	7,097		$	8,529
State and local income taxes, net of federal benefit	1,759			1,795			1,216
Tax reform impact	—			—			491
Stock compensation discrete items (1)	527			(39		)	231
Return to provision adjustments	(8		)	(108		)	124
Other	(129		)	105			(82		)
Total income tax expense	$	8,734		$	8,850		$	10,509

(1)

Significant Components of Deferred Tax Assets and Liabilities

operations. Significant components of deferred tax assets and liabilities as of February 1, 2020 and February 2, 2019 were as follows (in thousands):



	February 1, 2020			February 2, 2019
Deferred tax assets:
Lease Liability	$	81,144		$	—
Deferred rent	—			3,446
Share-based compensation	1,487			1,841
Inventories	1,974			1,628
Accrued expenses	1,344			985
Compensation and benefits	472			426
Deferred revenue	128			417
Other	143			—
Total deferred tax assets	86,692			8,743
Deferred tax liabilities:
Lease Asset	(70,569		)	—
Property and equipment	(8,113		)	(6,133		)
Prepaid expenses	(932		)	(878		)
Marketable securities	(79		)	(84		)
Other	—			(369		)
Total deferred tax liabilities	(79,693		)	(7,464		)
Net deferred tax asset	$	6,999		$	1,279

Earnings Per Share (Tables)

12 Months Ended

Feb. 01, 2020

Earnings Per Share [Abstract]

Components of Basic and Diluted Earnings Per Share

The components of basic and diluted earnings per share of Class A and Class B common stock, in aggregate, for fiscal years 2019, 2018 and 2017 are as follows (in thousands, except per share amounts):



	Fiscal Year Ended
	February 1, 2020		February 2, 2019		February 3, 2018
Net income	$	22,622	$	24,943	$	14,700

Weighted average basic shares outstanding	29,533		29,278		28,804
Dilutive effect of stock options and restricted stock	255		490		270
Weighted average shares for diluted earnings per share	29,788		29,768		29,074

Basic earnings per share of Class A and Class B common stock	$	0.77	$	0.85	$	0.51
Diluted earnings per share of Class A and Class B common stock	$	0.76	$	0.84	$	0.51

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share



	Fiscal Year Ended
	February 1, 2020	February 2, 2019	February 3, 2018
Stock options	1,349	553	1,058
Restricted stock	—	—	56
Total	1,349	553	1,114

Quarterly Financial Information (Tables)

12 Months Ended

Feb. 01, 2020

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data



	Fiscal Year Ended February 1, 2020
	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Net sales	$130,303	$161,738	$154,780	$172,479
Gross profit	35,684	51,719	47,171	52,134
Operating income	146	12,110	7,704	8,495
Net income	677	9,284	6,388	6,273
Basic earnings per share	$0.02	$0.31	$0.22	$0.21
Diluted earnings per share	$0.02	$0.31	$0.21	$0.21

	Fiscal Year Ended February 2, 2019
	First Quarter	Second Quarter	Third Quarter	Fourth Quarter
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Net sales	$123,634	$157,406	$146,826	$170,612
Gross profit	34,977	50,105	43,656	52,157
Operating income	1,331	12,478	6,737	10,934
Net income	1,223	9,689	5,355	8,677
Basic earnings per share	$0.04	$0.33	$0.18	$0.29
Diluted earnings per share	$0.04	$0.33	$0.18	$0.29

Description of Company and Basis of Presentation - Additional Information (Details)	12 Months Ended
	Feb. 01, 2020 segment store State	Feb. 02, 2019	Feb. 03, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of stores \| store	240
Number of states in which entity operates \| State	33
Fiscal period duration	364 days	371 days	364 days
Number of reportable segments \| segment	1

Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) shares in Thousands	3 Months Ended								12 Months Ended
	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Accounting Policies [Line Items]
Lease terms (in years)	10 years				10 years				10 years	10 years
Shipping and handling cost									$ 432,592,000	$ 417,582,000	$ 401,529,000
Inventory markdowns									53,300,000	49,500,000	50,000,000
Reserve for unexecuted markdowns	$ 1,100,000				$ 600,000				1,100,000	600,000
Liability for unredeemed gift cards	9,300,000				8,700,000				9,300,000	8,700,000
Revenue	172,479,000	$ 154,780,000	$ 161,738,000	$ 130,303,000	170,612,000	$ 146,826,000	$ 157,406,000	$ 123,634,000	$ 619,300,000	598,478,000	576,899,000
Expiration period for customer awards after issuance									45 days
Expiration period of partial points earned under customer loyalty program									365 days
Deferred revenue from loyalty program	2,400,000				1,700,000				$ 2,400,000	1,700,000
Advertising expense									$ 15,900,000	$ 13,200,000	$ 12,100,000
Incremental common shares used in calculating diluted EPS (in shares)									255	490	270
FDIC insured amount	250,000				250,000				$ 250,000	$ 250,000
Sales Returns and Allowances
Accounting Policies [Line Items]
Sales returns reserve	$ 1,400,000				$ 1,400,000				$ 1,400,000	1,400,000
Furniture and Fixtures
Accounting Policies [Line Items]
Estimated useful lives of the assets (in years)									5 years
Computer Software
Accounting Policies [Line Items]
Estimated useful lives of the assets (in years)									3 years
Maximum \| Equipment
Accounting Policies [Line Items]
Estimated useful lives of the assets (in years)									7 years
Maximum \| Cash and Cash Equivalents
Accounting Policies [Line Items]
Short term investment maturity period (in days)									90 days
Minimum \| Equipment
Accounting Policies [Line Items]
Estimated useful lives of the assets (in years)									5 years
Shipping and Handling
Accounting Policies [Line Items]
Shipping and handling cost									$ 12,100,000	10,800,000	$ 7,900,000
Revenue									2,900,000	2,700,000	3,300,000
Breakage Revenue for Gift Cards
Accounting Policies [Line Items]
Revenue									18,900,000	17,900,000	18,500,000
Customer Loyalty Program
Accounting Policies [Line Items]
Contract with Customer, Liability, Revenue Recognized									$ 6,100,000	$ 1,700,000	$ 1,300,000

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 172,479	$ 154,780	$ 161,738	$ 130,303	$ 170,612	$ 146,826	$ 157,406	$ 123,634	$ 619,300	$ 598,478	$ 576,899
Percentage of total net sales									100.00%	100.00%	100.00%
Retail stores
Disaggregation of Revenue [Line Items]
Revenue									$ 520,843	$ 508,853	$ 501,053
E-commerce
Disaggregation of Revenue [Line Items]
Revenue									$ 98,457	$ 89,625	$ 75,846
Mens
Disaggregation of Revenue [Line Items]
Percentage of total net sales									36.00%	35.00%	35.00%
Womens
Disaggregation of Revenue [Line Items]
Percentage of total net sales									24.00%	25.00%	25.00%
Accessories
Disaggregation of Revenue [Line Items]
Percentage of total net sales									18.00%	18.00%	19.00%
Footwear
Disaggregation of Revenue [Line Items]
Percentage of total net sales									12.00%	12.00%	11.00%
Boys
Disaggregation of Revenue [Line Items]
Percentage of total net sales									6.00%	6.00%	6.00%
Girls
Disaggregation of Revenue [Line Items]
Percentage of total net sales									4.00%	4.00%	4.00%
Third-party
Disaggregation of Revenue [Line Items]
Percentage of total net sales									75.00%	75.00%	74.00%
Proprietary
Disaggregation of Revenue [Line Items]
Percentage of total net sales									25.00%	25.00%	26.00%

Summary of Significant Accounting Policies Summary of Significant Accounting Policies - Effect of Adoption of 606 (Details) - USD ($) $ in Thousands	9 Months Ended
	Nov. 03, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 04, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Retained earnings		$ 6,280	$ 13,335
Effect of Adoption Increase (Decrease) \| Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Retained earnings				$ 1,400
Breakage Revenue for Gift Cards \| Calculated under Revenue Guidance in Effect before Topic 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred revenue, period for recognition	2 years

Marketable Securities - Investments in Marketable Securities (Details) - USD ($) $ in Thousands	Feb. 01, 2020	Feb. 02, 2019
Financial Instruments And Marketable Securities [Line Items]
Cost or Amortized Cost	$ 69,487	$ 75,617
Gross Unrealized Holding Gains	293	302
Estimated Fair Value	69,780	75,919
Commercial Paper
Financial Instruments And Marketable Securities [Line Items]
Cost or Amortized Cost	54,463	49,402
Gross Unrealized Holding Gains	293	302
Estimated Fair Value	54,756	49,704
Fixed income securities
Financial Instruments And Marketable Securities [Line Items]
Cost or Amortized Cost	15,024	26,215
Gross Unrealized Holding Gains	0	0
Estimated Fair Value	$ 15,024	$ 26,215

Marketable Securities - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Schedule of Investments [Line Items]
Gains on sales and maturities of marketable securities	$ 1,660	$ 1,552	$ 782
Commercial Paper
Schedule of Investments [Line Items]
Gains on sales and maturities of marketable securities	$ 1,200	$ 1,000	$ 800

Receivables - Components of Receivables (Details) - USD ($) $ in Thousands	Feb. 01, 2020	Feb. 02, 2019
Receivables [Abstract]
Credit and debit card receivables	$ 3,968	$ 2,729
Credit and debit card receivables	2,834	2,679
Vendor receivables	409	467
Other	274	210
Less: Allowance for doubtful accounts	0	(3)
Total receivables	$ 7,485	$ 6,082

Prepaid Expenses and Other Current Assets - Components of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Feb. 01, 2020	Feb. 02, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid rent	$ 1,475	$ 7,680
Prepaid maintenance	1,421	1,759
Prepaid insurance	1,035	816
Other	630	916
Total prepaid expenses and other current assets	$ 4,561	$ 11,171

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Feb. 01, 2020	Feb. 02, 2019
Property, Plant and Equipment [Abstract]
Leasehold improvements	$ 147,685	$ 138,996
Furniture and fixtures	46,209	45,061
Computer hardware and software	40,936	39,110
Machinery and equipment	33,244	32,377
Vehicles	2,104	2,080
Construction in progress	2,326	2,469
Property and equipment, gross	272,504	260,093
Accumulated depreciation	(206,328)	(186,251)
Property and equipment, net	$ 66,176	$ 73,842

Property and Equipment - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Property, Plant, and Equipment Disclosure [Line Items]
Depreciation expense	$ 20.9	$ 22.5	$ 23.4
Capital expenditures	14.3	14.9	13.8
Impairment of assets	0.3	0.8	0.8
Selling, General and Administrative Expenses
Property, Plant, and Equipment Disclosure [Line Items]
Impairment of assets	$ 0.3	$ 0.8	$ 0.8

Accrued Expenses - Components of Accrued Expenses (Details) - USD ($) $ in Thousands	Feb. 01, 2020	Feb. 02, 2019
Payables and Accruals [Abstract]
Income taxes payable	$ 3,997	$ 1,679
Accrued construction	3,167	2,539
Accrued freight	2,264	2,703
Sales and use taxes payable	1,832	1,702
Merchandise returns	1,421	1,399
Computer services	277	868
Other	7,797	7,866
Total accrued expenses	$ 20,755	$ 18,756

Line of Credit - Additional Information (Details)	Mar. 24, 2020 USD ($)	Feb. 01, 2020 USD ($)	Sep. 30, 2018 USD ($)	Aug. 31, 2018 USD ($)
Line of Credit Facility [Line Items]
Minimum eligible inventory under credit facility		$ 50,000,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Letters of credit facility maximum borrowing capacity		$ 25,000,000.0
Covenant compliance, minimum Fixed Charge Coverage Ratio		1.25
Outstanding borrowing		$ 0
Stand-by and Commercial Letters of Credit
Line of Credit Facility [Line Items]
Letters of credit facility maximum borrowing capacity		15,000,000.0	$ 1,300,000	$ 1,100,000
Outstanding borrowing		$ 0
Subsequent Event \| Revolving Credit Facility
Line of Credit Facility [Line Items]
Outstanding borrowing	$ 23,700,000
Interest rate	1.70%

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Operating Leased Assets [Line Items]
Lease terms (in years)	10 years	10 years
Additional operating lease contracts that have not yet commenced, amount	$ 5.0
Office and warehouse space
Operating Leased Assets [Line Items]
Rent expense	$ 0.4
Lease expiration date	Jun. 30, 2022
Building
Operating Leased Assets [Line Items]
Rent expense	$ 1.0
Lease expiration date	Oct. 31, 2021
Building \| Corporate headquarters and distribution center
Operating Leased Assets [Line Items]
Rent expense	$ 2.1	$ 2.1	$ 1.1
Building \| 11 Whatney, Irvine, California \| Minimum
Operating Leased Assets [Line Items]
Annual lease adjustment rate (percent)	3.00%
Building \| 11 Whatney, Irvine, California \| Maximum
Operating Leased Assets [Line Items]
Annual lease adjustment rate (percent)	7.00%
Building \| 17 Pasteur, Irvine, California \| Minimum
Operating Leased Assets [Line Items]
Annual lease adjustment rate (percent)	3.00%
Building \| 17 Pasteur, Irvine, California \| Maximum
Operating Leased Assets [Line Items]
Annual lease adjustment rate (percent)	7.00%

Leases - Future Minimum Lease Commitments (Details) $ in Thousands	Feb. 01, 2020 USD ($)
Lessee, Lease, Description [Line Items]
2020	$ 66,211
2021	61,368
2022	54,020
2023	44,843
2024	34,349
Thereafter	74,727
Total minimum lease payments	335,518
Less: Interest	39,442
Present value of operating lease liabilities	296,076
Related Party
Lessee, Lease, Description [Line Items]
2020	3,438
2021	3,175
2022	2,246
2023	2,168
2024	2,233
Thereafter	6,693
Total minimum lease payments	19,953
Less: Interest	2,993
Present value of operating lease liabilities	16,960
Other
Lessee, Lease, Description [Line Items]
2020	62,773
2021	58,193
2022	51,774
2023	42,675
2024	32,116
Thereafter	68,034
Total minimum lease payments	315,565
Less: Interest	36,449
Present value of operating lease liabilities	$ 279,116

Leases - Future Minimum Operating Rental Commitments - Prior to Adoption (Details) $ in Thousands	Feb. 02, 2019 USD ($)
Operating Leased Assets [Line Items]
2019	$ 63,893
2020	60,132
2021	53,815
2022	44,171
2023	35,111
Thereafter	66,945
Total	324,067
Related Party
Operating Leased Assets [Line Items]
2019	3,351
2020	3,451
2021	3,274
2022	2,278
2023	2,163
Thereafter	9,112
Total	23,629
Other
Operating Leased Assets [Line Items]
2019	60,542
2020	56,681
2021	50,541
2022	41,893
2023	32,948
Thereafter	57,833
Total	$ 300,438

Leases - Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Lease Costs (Details) - USD ($) $ in Thousands	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Lessee, Lease, Description [Line Items]
Fixed operating lease expense	$ 52,709	$ 41,775	$ 35,578
Variable lease expense	2,438	2,339	1,552
Total lease expense	55,147	44,114	37,130
Cash paid for amounts included in the measurement of operating lease liabilities (in thousands)	$ 65,458
Weighted average remaining lease term (in years)	6 years 2 months
Weighted average interest rate	4.03%
COGS
Lessee, Lease, Description [Line Items]
Fixed operating lease expense	$ 51,184	40,868	34,925
Variable lease expense	2,352	2,339	1,552
Total lease expense	53,536	43,207	36,477
SG&A
Lessee, Lease, Description [Line Items]
Fixed operating lease expense	1,525	907	653
Variable lease expense	86	0	0
Total lease expense	$ 1,611	$ 907	$ 653

Commitment And Contingencies - Additional Information (Details) $ in Millions	Feb. 01, 2020 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Total future minimum payment due	$ 4.2
Future minimum payment due in fiscal 2020	1.9
Future minimum payment due in fiscal 2021	1.4
Future minimum payment due in fiscal 2022	0.7
Future minimum payment due in fiscal 2023	0.1
Future minimum payment due in fiscal 2024	$ 0.1

Fair Value Measurements - Financial Assets Categorized Based on Priority of Inputs to Valuation Technique Instruments (Details) - USD ($) $ in Thousands	Feb. 01, 2020	Feb. 02, 2019
Fair Value, Inputs, Level 1 \| Cash Equivalents \| Money Market Instruments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash equivalents	$ 58,614	$ 56,856
Fair Value, Inputs, Level 1 \| Cash Equivalents \| Commercial Paper
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash equivalents	0	0
Fair Value, Inputs, Level 1 \| Marketable Securities \| Commercial Paper
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Marketable securities	0	0
Fair Value, Inputs, Level 2 \| Cash Equivalents \| Money Market Instruments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash equivalents	0	0
Fair Value, Inputs, Level 2 \| Cash Equivalents \| Commercial Paper
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash equivalents	0	4,975
Fair Value, Inputs, Level 2 \| Marketable Securities \| Commercial Paper
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Marketable securities	54,756	49,704
Fair Value, Inputs, Level 3 \| Cash Equivalents \| Money Market Instruments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash equivalents	0	0
Fair Value, Inputs, Level 3 \| Cash Equivalents \| Commercial Paper
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash equivalents	0	0
Fair Value, Inputs, Level 3 \| Marketable Securities \| Commercial Paper
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Marketable securities	$ 0	$ 0

Fair Value Measurements - Details of Impairment of Long-Lived Assets (Details) $ in Thousands	12 Months Ended
	Feb. 01, 2020 USD ($) store	Feb. 02, 2019 USD ($) store	Feb. 03, 2018 USD ($) store
Fair Value Disclosures [Abstract]
Carrying value of assets with impairment \| $	$ 282	$ 786	$ 848
Fair value of assets impaired \| $	$ 0	$ 0	$ 0
Number of stores tested for impairment \| store	5	7	10
Number of stores with impairment \| store	1	2	4

Fair Value Measurements - Additional Information (Details) $ in Millions	12 Months Ended
	Feb. 01, 2020 USD ($) store	Feb. 02, 2019 USD ($) store	Feb. 03, 2018 USD ($) store
Fair Value Disclosures [Abstract]
Number of stores with impairment \| store	1	2	4
Carrying value of long lived assets \| $	$ 0.3	$ 0.8	$ 0.8

Share Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards vesting (percent)	25.00%
Vesting period (in years)	4 years
Expiration period (in years)	10 years
Total intrinsic value of options exercised	$ 500	$ 2,000	$ 1,300
Total fair value of options vested	1,800	1,600	1,600
Proceeds from exercise of stock options	1,590	3,652	3,394
Tax benefit realized from stock options exercised	100	500	500
Share-based compensation expense	2,136	$ 2,212	$ 2,411
Total unrecognized stock-based compensation expense related to unvested stock options and restricted stock grants	$ 4,100
Weighted average recognition period	2 years 9 months
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (in dollars per share)		$ 14.90	$ 10.39
Fair value of stock vested	$ 500	$ 900	$ 700
Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards vesting (percent)	50.00%
Director \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	2 years
Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards vesting (percent)	25.00%
Employee \| Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period (in years)	4 years
Stock Incentive Plan 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance (in shares)	1,042,027
Stock Incentive Plan 2012 \| Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares authorized (up to)				4,413,900

Share-Based Compensation - Stock Option Activity Under Stock Option Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 03, 2018
Stock options
Beginning balance (in shares)	1,736,250
Granted (in shares)	733,500
Exercised (in shares)	(181,001)
Forfeited (in shares)	(120,967)
Expired (in shares)	(174,595)
Ending balance (in shares)	1,993,187
Exercisable ending balance (in shares)	974,670
Grant date weighted average exercise price
Grant date weighted average exercise price, Beginning balance (in dollars per share)	$ 9.47
Grant date weighted average exercise price, Granted (in dollars per share)	10.60
Grant date weighted average exercise price, Exercised (in dollars per share)	8.78
Grant date weighted average exercise price, Forfeited (in dollars per share)	10.11
Grant date weighted average exercise price, Expired (in dollars per share)	14.19
Grant date weighted average exercise price, Ending balance (in dollars per share)	9.50
Grant date weighted average exercise price, Exercisable ending balance (in dollars per share)	$ 8.85
Average remaining contractual life
Outstanding at end of period (in years)	7 years 2 months
Exercisable ending balance (in years)	5 years 5 months
Aggregate intrinsic value
Outstanding at end of period	$ 1,463
Exercisable ending balance	$ 1,361
Class A Common Stock
Stock options
Exercised (in shares)		(308,000)
Aggregate intrinsic value
Market value per share (in dollars per share)	$ 8.50

Share-Based Compensation - Assumptions Used to Estimate Fair Value of Stock Options Granted (Details) - $ / shares	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Average fair value per option granted (in dollars per share)	$ 5.10	$ 5.45	$ 3.99
Expected option term (in years)	5 years	5 years	5 years
Expected volatility factor (percent)	53.80%	51.60%	50.30%
Risk-free interest rate (percent)	2.10%	2.60%	1.93%
Expected annual dividend yield (percent)	0.00%	0.00%	0.00%

Share-Based Compensation - Summary of Status of Non-Vested Restricted Stock (Details) - Non Vested	12 Months Ended
	Feb. 01, 2020 $ / shares shares
Shares
Beginning Balance (in shares) \| shares	60,901
Granted (in shares) \| shares	41,184
Vested (in shares) \| shares	(50,165)
Ending Balance (in shares) \| shares	51,920
Weighted average grant date fair value
Weighted average grant date fair value, Beginning Balance (in dollars per share) \| $ / shares	$ 14.32
Weighted average grant date fair value, Granted (in dollars per share) \| $ / shares	7.77
Weighted average grant date fair value, Vested (in dollars per share) \| $ / shares	14.20
Weighted average grant date fair value, Ending Balance (in dollars per share) \| $ / shares	$ 9.24

Share-Based Compensation - Schedule of Stock Based Compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 2,136	$ 2,212	$ 2,411
Cost of Goods Sold
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	482	517	612
Selling, General and Administrative Expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,654	$ 1,695	$ 1,799

Retirement Savings Plan - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Retirement Benefits [Abstract]
Age of employees covered by plan	21 years
Service period required (in months)	3 months
Total employer contribution	$ 0.7	$ 0.6	$ 0.6

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Current:
Federal	$ 11,211	$ 5,818	$ 6,236
State	3,238	2,153	1,304
Total current tax expense	14,449	7,971	7,540
Deferred:
Federal	(4,704)	760	2,436
State	(1,011)	119	533
Total deferred tax expense	(5,715)	879	2,969
Total income tax expense	$ 8,734	$ 8,850	$ 10,509

Income Taxes - Reconciliation of Income Tax Expense to the Amount Computed at Federal Statutory Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Income Tax Disclosure [Abstract]
Federal taxes at statutory rate	$ 6,585	$ 7,097	$ 8,529
State and local income taxes, net of federal benefit	1,759	1,795	1,216
Tax reform impact	0	0	491
Return to provision adjustments	(8)	(108)	124
Stock compensation discrete items	527	(39)	231
Other	(129)	105	(82)
Total income tax expense	$ 8,734	$ 8,850	$ 10,509

Income Taxes - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Feb. 01, 2020	Feb. 02, 2019
Deferred tax assets:
Deferred rent	$ 0	$ 3,446
Share-based compensation	1,487	1,841
Inventories	1,974	1,628
Accrued expenses	1,344	985
Compensation and benefits	472	426
Deferred revenue	128	417
Other	143	0
Total deferred tax assets	86,692	8,743
Deferred tax liabilities:
Property and equipment	(8,113)	(6,133)
Prepaid expenses	(932)	(878)
Marketable securities	79	84
Other	0	(369)
Total deferred tax liabilities	(79,693)	(7,464)
Net deferred tax asset	$ 6,999	$ 1,279

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Tax Credit Carryforward [Line Items]
Unrecognized tax benefits	$ 0	$ 0
Interest or penalties related to unrecognized tax benefits	0	0	$ 0
California
Tax Credit Carryforward [Line Items]
Tax credit carryovers	$ 100,000	$ 100,000

Earnings Per Share - Components of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Net income	$ 6,273	$ 6,388	$ 9,284	$ 677	$ 8,677	$ 5,355	$ 9,689	$ 1,223	$ 22,622	$ 24,943	$ 14,700
Weighted average basic shares outstanding (in shares)									29,533	29,278	28,804
Dilutive effect of stock options and restricted stock (in shares)									255	490	270
Weighted average shares for diluted earnings per share (in shares)									29,788	29,768	29,074
Basic earnings per share of Class A and Class B common stock (in dollars per share)	$ 0.21	$ 0.22	$ 0.31	$ 0.02	$ 0.29	$ 0.18	$ 0.33	$ 0.04
Diluted earnings per share of Class A and Class B common stock (in dollars per share)	$ 0.21	$ 0.21	$ 0.31	$ 0.02	$ 0.29	$ 0.18	$ 0.33	$ 0.04
Class A and Class B common stock
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Basic earnings per share of Class A and Class B common stock (in dollars per share)									$ 0.77	$ 0.85	$ 0.51
Diluted earnings per share of Class A and Class B common stock (in dollars per share)									$ 0.76	$ 0.84	$ 0.51

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=109256448&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=109256448&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109260490&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Earnings Per Share - Additional Information (Details)	12 Months Ended
Earnings Per Share - Additional Information (Details)	Feb. 01, 2020 vote / shares
Class A Common Stock
Earnings Per Share [Line Items]
Number of votes	1
Class B Common Stock
Earnings Per Share [Line Items]
Number of votes	10

Earnings Per Share - Anti-dilutive Securities (Details) - shares shares in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of diluted earning per share	1,349	553	1,114
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of diluted earning per share	1,349	553	1,058
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from the calculation of diluted earning per share	0	0	56

Related Party Transactions - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Presidents Charitable Organization, Tilly's Life Center
Related Party Transaction [Line Items]
Charitable pledge (up to)	$ 200	$ 200	$ 70

Quarterly Financial Information (Unaudited) - Selected Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Feb. 01, 2020	Nov. 02, 2019	Aug. 03, 2019	May 04, 2019	Feb. 02, 2019	Nov. 03, 2018	Aug. 04, 2018	May 05, 2018	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 172,479	$ 154,780	$ 161,738	$ 130,303	$ 170,612	$ 146,826	$ 157,406	$ 123,634	$ 619,300	$ 598,478	$ 576,899
Gross profit	52,134	47,171	51,719	35,684	52,157	43,656	50,105	34,977	186,708	180,896	175,370
Operating income	8,495	7,704	12,110	146	10,934	6,737	12,478	1,331	28,455	31,480	23,986
Net income	$ 6,273	$ 6,388	$ 9,284	$ 677	$ 8,677	$ 5,355	$ 9,689	$ 1,223	$ 22,622	$ 24,943	$ 14,700
Basic earnings per share (in dollars per share)	$ 0.21	$ 0.22	$ 0.31	$ 0.02	$ 0.29	$ 0.18	$ 0.33	$ 0.04
Diluted earnings per share (in dollars per share)	$ 0.21	$ 0.21	$ 0.31	$ 0.02	$ 0.29	$ 0.18	$ 0.33	$ 0.04

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands								12 Months Ended
	Feb. 26, 2020	Jan. 24, 2020	Feb. 27, 2019	Feb. 20, 2018	Jan. 24, 2018	Feb. 24, 2017	Jan. 31, 2017	Feb. 01, 2020	Feb. 02, 2019	Feb. 03, 2018
Equity [Abstract]
Dividends paid per share (usd per share)		$ 1.00			$ 1.00		$ 0.70
Subsequent Event [Line Items]
Payments of dividends			$ 29,500	$ 29,100		$ 20,100		$ 29,453	$ 29,067	$ 20,080
Subsequent Event
Subsequent Event [Line Items]
Payments of dividends	$ 29,700

Subsequent Events (Details)	Mar. 24, 2020 USD ($)	Mar. 18, 2020 store	Feb. 01, 2020 USD ($)
Subsequent Event
Subsequent Event [Line Items]
Number of stores closed \| store		239
Revolving Credit Facility
Subsequent Event [Line Items]
Outstanding borrowing			$ 0
Revolving Credit Facility \| Subsequent Event
Subsequent Event [Line Items]
Outstanding borrowing	$ 23,700,000
Interest rate	1.70%

- Definition

+ References + Details

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 1,447,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	1,447,000
Accounting Standards Update 2016-09 [Member] \| Additional Paid-in Capital [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	178,000
Accounting Standards Update 2016-09 [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (178,000)